Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Drops By 59.1%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 70,412 shares, a decline of 59.1% from the November 30th total of 172,202 shares. Based on an average daily trading volume, of 153,742 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 153,742 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in REX AI Equity Premium Income ETF stock. CoreCap Advisors LLC grew its holdings in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 45.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,057 shares of the company’s stock after purchasing an additional 1,882 shares during the period. CoreCap Advisors LLC owned approximately 0.07% of REX AI Equity Premium Income ETF worth $255,000 at the end of the most recent quarter.

REX AI Equity Premium Income ETF Stock Down 0.1%

NASDAQ AIPI opened at $40.44 on Friday. The business has a 50 day moving average price of $42.12 and a 200-day moving average price of $42.54. REX AI Equity Premium Income ETF has a 52 week low of $33.68 and a 52 week high of $51.34. The company has a market cap of $354.66 million, a price-to-earnings ratio of 41.65 and a beta of 1.10.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 25th were issued a dividend of $1.2012 per share. The ex-dividend date was Tuesday, November 25th. This represents a c) annualized dividend and a yield of 35.6%.

About REX AI Equity Premium Income ETF

The REX AI Equity Premium Income ETF (AIPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in leading Artificial Intelligence (AI) companies selected from the holdings of the BITA AI Leaders Select Index. The fund seeks to generate income by writing covered call options on its holdings, aiming for capital growth and current income, while maintaining the flexibility to adapt based on market conditions AIPI was launched on Jun 4, 2024 and is issued by REX Shares.