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

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,072 shares, a growth of 53.8% from the August 31st total of 1,997 shares. Based on an average daily volume of 55,033 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

REX IncomeMax Option Strategy ETF Stock Performance

ULTI stock opened at $6.57 on Friday. The firm has a market cap of $18.72 million, a price-to-earnings ratio of 3.17, a PEG ratio of 6.51 and a beta of 5.18. The firm has a 50-day simple moving average of $7.09 and a two-hundred day simple moving average of $10.62. REX IncomeMax Option Strategy ETF has a one year low of $6.00 and a one year high of $26.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02.

REX IncomeMax Option Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, October 1st will be paid a dividend of $0.0850 per share. This is a drop from REX IncomeMax Option Strategy ETF’s previous dividend of $0.09. The ex-dividend date is Thursday, October 1st. This represents a dividend yield of 6,728.0%. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is presently 405.31%.

Institutional Investors Weigh In On REX IncomeMax Option Strategy ETF

A hedge fund recently bought a new stake in REX IncomeMax Option Strategy ETF stock. Apollon Wealth Management LLC purchased a new position in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 35,250 shares of the technology company’s stock, valued at approximately $431,000. Apollon Wealth Management LLC owned about 2.23% of REX IncomeMax Option Strategy ETF at the end of the most recent quarter. Institutional investors own 91.20% of the company’s stock.

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.