REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Update

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in REX AI Equity Premium Income ETF during the fourth quarter valued at about $60,000. SBI Securities Co. Ltd. raised its holdings in shares of REX AI Equity Premium Income ETF by 45.9% in the 4th 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. Finally, Janney Montgomery Scott LLC purchased a new position in shares of REX AI Equity Premium Income ETF in the 4th quarter worth about $222,000.

REX AI Equity Premium Income ETF Stock Up 0.3%

NASDAQ:AIPI opened at $35.77 on Friday. The company has a market cap of $389.18 million, a P/E ratio of 41.65 and a beta of 1.07. The firm’s 50 day moving average is $37.13 and its two-hundred day moving average is $37.46. REX AI Equity Premium Income ETF has a fifty-two week low of $32.21 and a fifty-two week high of $45.08.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 24th were given a $0.2444 dividend. The ex-dividend date of this dividend was Wednesday, June 24th.

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.