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

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

Institutional Trading of REX IncomeMax Option Strategy ETF

A hedge fund recently bought a new position in REX IncomeMax Option Strategy ETF stock. Apollon Wealth Management LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,250 shares of the technology company’s stock, valued at approximately $431,000. Apollon Wealth Management LLC owned approximately 2.23% of REX IncomeMax Option Strategy ETF at the end of the most recent reporting period. Hedge funds and other institutional investors own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Price Performance

REX IncomeMax Option Strategy ETF stock traded up $0.01 during mid-day trading on Tuesday, reaching $5.22. 49,407 shares of the company were exchanged, compared to its average volume of 77,447. The firm has a market cap of $14.87 million, a PE ratio of 2.52, a PEG ratio of 6.51 and a beta of 4.69. REX IncomeMax Option Strategy ETF has a 12 month low of $4.93 and a 12 month high of $26.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.02 and a quick ratio of 1.02. The company has a fifty day simple moving average of $6.55 and a 200-day simple moving average of $11.11.

REX IncomeMax Option Strategy ETF Increases Dividend

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

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.