REX AI Equity Premium Income ETF (NASDAQ:AIPI) Stock Short Interest Declines 65.1%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 111,492 shares, a drop of 65.1% from the September 30th total of 319,541 shares. Based on an average daily volume of 274,064 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are sold short.

REX AI Equity Premium Income ETF Stock Down 2.3%

Shares of AIPI stock traded down $0.82 during mid-day trading on Thursday, reaching $35.40. The stock had a trading volume of 273,101 shares, compared to its average volume of 182,522. The firm’s 50 day simple moving average is $36.88 and its 200 day simple moving average is $36.66. REX AI Equity Premium Income ETF has a one year low of $32.21 and a one year high of $44.07. The firm has a market cap of $479.67 million, a PE ratio of 41.65 and a beta of 1.11.

REX AI Equity Premium Income ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $0.2387 per share. The ex-dividend date is Wednesday, October 28th. This is a drop from REX AI Equity Premium Income ETF’s previous dividend of $0.2396. This represents a dividend yield of 3,427.0%.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

A number of institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. grew its holdings in shares of REX AI Equity Premium Income ETF by 45.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 47,112 shares of the company’s stock valued at $1,762,000 after buying an additional 14,719 shares during the period. Janney Montgomery Scott LLC increased its position in shares of REX AI Equity Premium Income ETF by 51.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,367 shares of the company’s stock worth $281,000 after purchasing an additional 2,832 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of REX AI Equity Premium Income ETF in the 3rd quarter valued at about $77,000.

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.