REX AI Equity Premium Income ETF (NASDAQ:AIPI) Shares Shorted: Short Interest Up 134.2% in September

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 319,541 shares, a growth of 134.2% from the September 15th total of 136,412 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 248,623 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in REX AI Equity Premium Income ETF stock. CoreCap Advisors LLC acquired a new position in REX AI Equity Premium Income ETF (NASDAQ:AIPI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,050 shares of the company’s stock, valued at approximately $77,000.

REX AI Equity Premium Income ETF Price Performance

NASDAQ:AIPI opened at $36.45 on Thursday. The firm has a market cap of $480.41 million, a price-to-earnings ratio of 41.65 and a beta of 1.11. The company has a 50 day moving average price of $37.19 and a 200-day moving average price of $36.58. REX AI Equity Premium Income ETF has a 1-year low of $32.21 and a 1-year high of $45.08.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, October 14th will be given a dividend of $0.2510 per share. This is a drop from REX AI Equity Premium Income ETF’s previous dividend of $0.2535. This represents a yield of 3,581.0%. The ex-dividend date is Wednesday, October 14th.

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.