Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Increases By 49.1%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 6,845 shares, a growth of 49.1% from the July 30th total of 4,592 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 38,206 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On REX IncomeMax Option Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTI. OLD Mission Capital LLC acquired a new stake in REX IncomeMax Option Strategy ETF in the 4th quarter valued at approximately $142,000. Jane Street Group LLC purchased a new position in REX IncomeMax Option Strategy ETF during the 4th quarter valued at about $264,000. Finally, Apollon Wealth Management LLC acquired a new position in REX IncomeMax Option Strategy ETF in the 1st quarter valued at about $431,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Trading Down 2.9%

Shares of NASDAQ ULTI traded down $0.20 during trading on Tuesday, hitting $6.58. 39,179 shares of the company were exchanged, compared to its average volume of 80,865. The company has a fifty day moving average price of $8.57 and a 200-day moving average price of $11.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $22.39 million, a PE ratio of 3.18, a P/E/G ratio of 6.51 and a beta of -4.68. REX IncomeMax Option Strategy ETF has a 12-month low of $6.17 and a 12-month high of $26.50.

REX IncomeMax Option Strategy ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 27th were issued a $0.095 dividend. The ex-dividend date was Thursday, August 27th. This represents a yield of 6,968.0%. REX IncomeMax Option Strategy ETF’s dividend payout ratio is currently 388.41%.

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.