REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Stock Short Interest Jumps 352.2%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 13,893 shares, an increase of 352.2% from the September 15th total of 3,072 shares. Based on an average daily volume of 40,564 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On REX IncomeMax Option Strategy ETF

A hedge fund recently bought a new stake in REX IncomeMax Option Strategy ETF stock. Apollon Wealth Management LLC acquired a new position in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,250 shares of the technology company’s stock, valued at approximately $431,000. Apollon Wealth Management LLC owned 2.23% of REX IncomeMax Option Strategy ETF as of its most recent filing with the Securities & Exchange Commission. 91.20% of the stock is currently owned by institutional investors and hedge funds.

REX IncomeMax Option Strategy ETF Price Performance

Shares of ULTI stock traded up $0.01 on Friday, reaching $6.24. 28,301 shares of the company were exchanged, compared to its average volume of 76,434. 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 $6.00 and a 1 year high of $26.50. The company has a market cap of $17.78 million, a price-to-earnings ratio of 3.01, a P/E/G ratio of 6.51 and a beta of -4.64. The business has a 50-day moving average price of $6.98 and a 200 day moving average price of $10.38.

REX IncomeMax Option Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a dividend of $0.0850 per share. This represents a yield of 7,095.0%. The ex-dividend date of this dividend was Thursday, October 8th. REX IncomeMax Option Strategy ETF’s payout ratio is 413.53%.

REX IncomeMax Option Strategy ETF Company Profile

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.