Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Grows By 115.8%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 84,802 shares, a growth of 115.8% from the May 31st total of 39,294 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 100,109 shares, the short-interest ratio is presently 0.8 days.

REX IncomeMax Option Strategy ETF Price Performance

Shares of NASDAQ:ULTI opened at $11.35 on Tuesday. The company has a market capitalization of $22.70 million, a P/E ratio of 5.48, a price-to-earnings-growth ratio of 6.51 and a beta of 4.23. The company’s 50-day moving average is $13.51 and its 200 day moving average is $14.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. REX IncomeMax Option Strategy ETF has a fifty-two week low of $10.59 and a fifty-two week high of $26.50.

REX IncomeMax Option Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were given a $0.155 dividend. The ex-dividend date of this dividend was Thursday, June 25th. REX IncomeMax Option Strategy ETF’s payout ratio is currently 340.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULTI. OLD Mission Capital LLC bought a new position in shares of REX IncomeMax Option Strategy ETF during the 4th quarter valued at approximately $142,000. Jane Street Group LLC bought a new stake in shares of REX IncomeMax Option Strategy ETF in the 4th quarter worth approximately $264,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of REX IncomeMax Option Strategy ETF in the 1st quarter worth approximately $431,000. 91.20% of the stock is currently owned by hedge funds and other institutional investors.

REX IncomeMax Option Strategy ETF Company Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement. The company's UltiPro solution includes feature sets for talent acquisition and onboarding, human resources (HR) service delivery and management, benefits management and online enrollment, payroll, performance management, employee engagement surveying, compensation management with salary planning, budgeting, incentive award planning, succession management, learning management, reporting and analytical decision-making and predictive tools and time capture, scheduling, attendance tracking, and absence accruals; and has role-based features for HR professionals, executives, managers, administrators, and employees.