REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Up 169.0% in May

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 9,648 shares, a growth of 169.0% from the May 14th total of 3,587 shares. Based on an average daily volume of 268,453 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

REX AI Equity Premium Income ETF Price Performance

Shares of AIPI traded down $0.12 during midday trading on Friday, reaching $37.30. The stock had a trading volume of 136,595 shares, compared to its average volume of 173,097. REX AI Equity Premium Income ETF has a 1-year low of $32.21 and a 1-year high of $45.08. The company’s fifty day simple moving average is $36.65 and its two-hundred day simple moving average is $37.76. The company has a market cap of $405.82 million, a price-to-earnings ratio of 41.65 and a beta of 1.07.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 11th. Stockholders of record on Wednesday, June 10th were issued a $0.2527 dividend. The ex-dividend date was Wednesday, June 10th.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of REX AI Equity Premium Income ETF in the 4th quarter valued at $60,000. Janney Montgomery Scott LLC acquired a new stake in shares of REX AI Equity Premium Income ETF in the 4th quarter valued at $222,000. Finally, SBI Securities Co. Ltd. raised its holdings 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 valued at $702,000 after purchasing an additional 5,510 shares in the last quarter.

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.