REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Up 22.8% in March

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 47,553 shares, a growth of 22.8% from the February 26th total of 38,724 shares. Based on an average daily trading volume, of 119,674 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its holdings in shares of REX AI Equity Premium Income ETF by 45.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock worth $702,000 after purchasing an additional 5,510 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of REX AI Equity Premium Income ETF by 45.1% in the 3rd quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock valued at $255,000 after buying an additional 1,882 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of REX AI Equity Premium Income ETF during the 4th quarter valued at about $222,000. Finally, ORG Partners LLC bought a new stake in shares of REX AI Equity Premium Income ETF during the 4th quarter valued at about $60,000.

REX AI Equity Premium Income ETF Stock Up 3.7%

NASDAQ:AIPI opened at $33.64 on Wednesday. The company has a market cap of $367.69 million, a PE ratio of 41.65 and a beta of 1.10. The business’s 50 day moving average is $36.43 and its two-hundred day moving average is $39.94. REX AI Equity Premium Income ETF has a 52 week low of $32.21 and a 52 week high of $45.08.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 25th were given a dividend of $1.0234 per share. This represents a c) annualized dividend and a dividend yield of 36.5%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.