REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Short Interest Update

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 18,310 shares, a drop of 84.9% from the April 30th total of 121,473 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 86,496 shares, the days-to-cover ratio is currently 0.2 days.

REX IncomeMax Option Strategy ETF Trading Down 2.8%

NASDAQ ULTI traded down $0.44 during trading hours on Thursday, reaching $15.25. The company had a trading volume of 65,378 shares, compared to its average volume of 74,798. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $30.50 million, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 6.51 and a beta of 4.35. The stock has a 50-day moving average of $13.37 and a 200 day moving average of $14.93. REX IncomeMax Option Strategy ETF has a 1-year low of $10.95 and a 1-year high of $26.50.

REX IncomeMax Option Strategy ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 28th will be issued a $0.215 dividend. The ex-dividend date is Thursday, May 28th. This is an increase from REX IncomeMax Option Strategy ETF’s previous dividend of $0.19. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is currently 296.14%.

Institutional Trading of REX IncomeMax Option Strategy ETF

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in REX IncomeMax Option Strategy ETF in the fourth quarter valued at approximately $264,000. OLD Mission Capital LLC acquired a new position in REX IncomeMax Option Strategy ETF during the fourth quarter worth $142,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF in the first quarter valued at $431,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

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.