REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Down 20.2% in March

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 37,933 shares, a drop of 20.2% from the March 15th total of 47,553 shares. Based on an average trading volume of 173,208 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are sold short.

REX AI Equity Premium Income ETF Trading Up 1.0%

Shares of AIPI stock opened at $35.66 on Friday. The stock has a 50 day moving average of $35.50 and a two-hundred day moving average of $39.31. REX AI Equity Premium Income ETF has a 12 month low of $32.21 and a 12 month high of $45.08. The company has a market capitalization of $380.85 million, a P/E ratio of 41.65 and a beta of 1.04.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 25th were given a $1.0234 dividend. The ex-dividend date was Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 34.4%.

Institutional Trading of REX AI Equity Premium Income ETF

A number of hedge funds have recently modified their holdings of the company. ORG Partners LLC bought a new stake in shares of REX AI Equity Premium Income ETF in the 4th quarter worth approximately $60,000. CoreCap Advisors LLC lifted its position in shares of REX AI Equity Premium Income ETF by 45.1% in the 3rd quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock worth $255,000 after acquiring an additional 1,882 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of REX AI Equity Premium Income ETF by 45.9% in 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 during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of REX AI Equity Premium Income ETF in the 4th quarter worth approximately $222,000.

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.