Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Grows By 933.1%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 99,675 shares, an increase of 933.1% from the May 31st total of 9,648 shares. Based on an average daily trading volume, of 209,916 shares, the short-interest ratio is presently 0.5 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

Several large investors have recently made changes to their positions in AIPI. Janney Montgomery Scott LLC acquired a new stake in shares of REX AI Equity Premium Income ETF during the 4th quarter worth about $222,000. SBI Securities Co. Ltd. lifted its holdings in REX AI Equity Premium Income ETF by 45.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock valued at $702,000 after purchasing an additional 5,510 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in REX AI Equity Premium Income ETF in the fourth quarter valued at about $60,000.

REX AI Equity Premium Income ETF Price Performance

REX AI Equity Premium Income ETF stock opened at $35.68 on Friday. The business has a 50 day simple moving average of $37.12 and a 200 day simple moving average of $37.47. The company has a market capitalization of $388.20 million, a PE ratio of 41.65 and a beta of 1.07. REX AI Equity Premium Income ETF has a one year low of $32.21 and a one year high of $45.08.

REX AI Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.2444 per share. The ex-dividend date of this dividend was Wednesday, June 24th.

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.