REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Sees Significant Growth in Short Interest

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 39,294 shares, an increase of 114.6% from the May 14th total of 18,310 shares. Based on an average daily trading volume, of 102,817 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ULTI. Apollon Wealth Management LLC bought a new position in REX IncomeMax Option Strategy ETF in the 1st quarter valued at $431,000. Jane Street Group LLC bought a new position in REX IncomeMax Option Strategy ETF in the 4th quarter valued at $264,000. Finally, OLD Mission Capital LLC bought a new position in REX IncomeMax Option Strategy ETF in the 4th quarter valued at $142,000. Institutional investors own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Stock Down 1.3%

Shares of NASDAQ:ULTI traded down $0.17 during trading on Friday, reaching $12.95. 89,006 shares of the stock were exchanged, compared to its average volume of 77,822. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.02 and a quick ratio of 1.02. REX IncomeMax Option Strategy ETF has a 1-year low of $10.95 and a 1-year high of $26.50. The stock has a fifty day moving average of $13.73 and a two-hundred day moving average of $14.44. The firm has a market cap of $25.90 million, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 6.51 and a beta of -4.57.

REX IncomeMax Option Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 12th. Investors of record on Thursday, June 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 11th. REX IncomeMax Option Strategy ETF’s dividend payout ratio is presently 316.43%.

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.