REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Short Interest Down 70.8% in August

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,997 shares, a decline of 70.8% from the August 15th total of 6,845 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 106,664 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. OLD Mission Capital LLC purchased a new position in shares of REX IncomeMax Option Strategy ETF during the 4th quarter valued at about $142,000. Jane Street Group LLC purchased a new stake in shares of REX IncomeMax Option Strategy ETF in the 4th quarter valued at $264,000. Finally, Apollon Wealth Management LLC bought a new position in shares of REX IncomeMax Option Strategy ETF during the 1st quarter valued at $431,000. Hedge funds and other institutional investors own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Price Performance

Shares of NASDAQ:ULTI traded down $0.15 during trading on Monday, reaching $6.35. 40,542 shares of the company traded hands, compared to its average volume of 79,948. REX IncomeMax Option Strategy ETF has a 52 week low of $6.15 and a 52 week high of $26.50. The company’s 50 day moving average is $7.77 and its two-hundred day moving average is $11.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $21.59 million, a PE ratio of 3.07, a PEG ratio of 6.51 and a beta of -4.40.

REX IncomeMax Option Strategy ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 11th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.09 per share. This represents a yield of 7,233.0%. The ex-dividend date of this dividend was Thursday, September 10th. This is a boost from REX IncomeMax Option Strategy ETF’s previous dividend of $0.09. REX IncomeMax Option Strategy ETF’s payout ratio is presently 397.10%.

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.