REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Update

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 145,276 shares, a drop of 35.5% from the July 15th total of 225,346 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 150,428 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in REX AI Equity Premium Income ETF stock. Janney Montgomery Scott LLC lifted its position in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 51.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,367 shares of the company’s stock after purchasing an additional 2,832 shares during the quarter. Janney Montgomery Scott LLC owned 0.08% of REX AI Equity Premium Income ETF worth $281,000 at the end of the most recent quarter.

REX AI Equity Premium Income ETF Price Performance

AIPI stock opened at $37.42 on Tuesday. REX AI Equity Premium Income ETF has a one year low of $32.21 and a one year high of $45.08. The stock has a market cap of $437.81 million, a PE ratio of 41.65 and a beta of 1.09. The firm has a 50 day simple moving average of $36.36 and a two-hundred day simple moving average of $36.32.

REX AI Equity Premium Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 13th. Stockholders of record on Wednesday, August 12th were issued a dividend of $0.2492 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This is an increase from REX AI Equity Premium Income ETF’s previous dividend of $0.24.

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.