REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Down 62.8% in May

by · The Markets Daily

REX AI Equity Premium Income ETF (NASDAQ:AIPI – Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,587 shares, a decline of 62.8% from the April 30th total of 9,635 shares. Based on an average trading volume of 132,226 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC acquired a new stake in REX AI Equity Premium Income ETF during the 4th quarter worth about $60,000. Janney Montgomery Scott LLC bought a new stake in shares of REX AI Equity Premium Income ETF during the 4th quarter worth about $222,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of REX AI Equity Premium Income ETF by 45.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock worth $702,000 after acquiring an additional 5,510 shares in the last quarter.

REX AI Equity Premium Income ETF Price Performance

Shares of AIPI traded up $0.22 during midday trading on Monday, reaching $39.43. The stock had a trading volume of 202,811 shares, compared to its average volume of 169,620. REX AI Equity Premium Income ETF has a 52 week low of $32.21 and a 52 week high of $45.08. The firm’s 50 day moving average price is $35.88 and its 200-day moving average price is $37.98. The company has a market capitalization of $429.00 million, a P/E ratio of 41.65 and a beta of 1.00.

REX AI Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd were paid a $1.0518 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 32.0%. This is a boost from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.02.

REX AI Equity Premium Income ETF Company Profile

(Get Free Report)

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.

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