Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Drops By 62.8%
by Doug Wharley · The Cerbat GemREX AI Equity Premium Income ETF (NASDAQ:AIPI – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,587 shares, a decrease of 62.8% from the April 30th total of 9,635 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 132,226 shares, the days-to-cover ratio is currently 0.0 days.
REX AI Equity Premium Income ETF Stock Up 1.1%
AIPI opened at $39.21 on Friday. The firm has a market cap of $426.60 million, a price-to-earnings ratio of 41.65 and a beta of 1.00. The business’s 50 day moving average is $35.88 and its two-hundred day moving average is $38.02. REX AI Equity Premium Income ETF has a 52 week low of $32.21 and a 52 week high of $45.08.
REX AI Equity Premium Income ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd were paid a dividend of $1.0518 per share. This represents a c) annualized dividend and a dividend yield of 32.2%. This is a boost from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.02. The ex-dividend date was Wednesday, April 22nd.
Hedge Funds Weigh In On REX AI Equity Premium Income ETF
Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in REX AI Equity Premium Income ETF during the fourth quarter worth about $222,000. SBI Securities Co. Ltd. boosted its stake in shares of REX AI Equity Premium Income ETF by 45.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock valued at $702,000 after buying an additional 5,510 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in REX AI Equity Premium Income ETF in the fourth quarter worth $60,000.
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.