REX AI Equity Premium Income ETF (NASDAQ:AIPI) Shareholders Set to Receive $0.22 Dividend

REX AI Equity Premium Income ETF (NASDAQ:AIPI) declared a dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, November 4th will be given a dividend of $0.2180 per share on Thursday, November 5th. This represents a dividend yield of 3,432.0%. The ex-dividend date of this dividend is Wednesday, November 4th. This is a 8.7% decrease from REX AI Equity Premium Income ETF’s previous dividend of $0.2387.

REX AI Equity Premium Income ETF Stock Performance

Shares of AIPI opened at $33.03 on Wednesday. REX AI Equity Premium Income ETF has a one year low of $32.21 and a one year high of $43.65. The stock’s fifty day moving average is $36.66 and its 200-day moving average is $36.54. The firm has a market capitalization of $445.90 million, a price-to-earnings ratio of 41.65 and a beta of 1.11.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

Several large investors have recently bought and sold shares of AIPI. SBI Securities Co. Ltd. raised its position in shares of REX AI Equity Premium Income ETF by 45.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 47,112 shares of the company’s stock worth $1,762,000 after buying an additional 14,719 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of REX AI Equity Premium Income ETF by 51.2% in the first quarter. Janney Montgomery Scott LLC now owns 8,367 shares of the company’s stock valued at $281,000 after acquiring an additional 2,832 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of REX AI Equity Premium Income ETF in the third quarter valued at approximately $77,000.

REX AI Equity Premium Income ETF Company Profile

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.