REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Short Interest Down 83.6% in June

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 13,900 shares, a decrease of 83.6% from the June 15th total of 84,802 shares. Based on an average daily trading volume, of 102,149 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

REX IncomeMax Option Strategy ETF Stock Down 3.1%

NASDAQ:ULTI traded down $0.31 during midday trading on Friday, hitting $9.76. 98,833 shares of the company were exchanged, compared to its average volume of 81,114. REX IncomeMax Option Strategy ETF has a fifty-two week low of $9.65 and a fifty-two week high of $26.50. The company has a market capitalization of $32.99 million, a PE ratio of 4.71, a price-to-earnings-growth ratio of 6.51 and a beta of -4.27. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $12.95 and a 200 day simple moving average of $13.64.

REX IncomeMax Option Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, July 9th. REX IncomeMax Option Strategy ETF’s payout ratio is 348.31%.

Hedge Funds Weigh In On REX IncomeMax Option Strategy ETF

A number of institutional investors have recently modified their holdings of ULTI. Jane Street Group LLC purchased a new stake in REX IncomeMax Option Strategy ETF in the 4th quarter valued at $264,000. OLD Mission Capital LLC purchased a new position in REX IncomeMax Option Strategy ETF during the 4th quarter worth $142,000. Finally, Apollon Wealth Management LLC acquired a new position in REX IncomeMax Option Strategy ETF in the first quarter valued at $431,000. 91.20% of the stock is owned by institutional investors and hedge funds.

About REX IncomeMax Option Strategy ETF

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.