REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Shares Shorted: Short Interest Up 380.7% in October

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 66,778 shares, an increase of 380.7% from the September 30th total of 13,893 shares. Based on an average daily volume of 60,628 shares, the short-interest ratio is presently 1.1 days. Approximately 2.3% of the shares of the stock are sold short.

REX IncomeMax Option Strategy ETF Price Performance

Shares of REX IncomeMax Option Strategy ETF stock traded up $0.01 during trading on Tuesday, reaching $5.22. 49,407 shares of the company’s stock were exchanged, compared to its average volume of 77,447. 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 has a 1-year low of $4.93 and a 1-year high of $26.50. The company has a market cap of $14.87 million, a P/E ratio of 2.52, a PEG ratio of 6.51 and a beta of 4.69. The firm’s 50-day moving average price is $6.55 and its 200 day moving average price is $11.11.

REX IncomeMax Option Strategy ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 23rd. Shareholders of record on Thursday, October 22nd were given a $0.08 dividend. This is a boost from REX IncomeMax Option Strategy ETF’s previous dividend of $0.07. This represents a yield of 7,894.0%. The ex-dividend date was Thursday, October 22nd. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is presently 420.77%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in REX IncomeMax Option Strategy ETF stock. Apollon Wealth Management LLC bought a new position in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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. 91.20% of the stock is currently owned by institutional investors and hedge funds.

About REX IncomeMax Option Strategy ETF

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.