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

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 39,294 shares, a growth of 114.6% from the May 14th total of 18,310 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 102,817 shares, the short-interest ratio is presently 0.4 days.

REX IncomeMax Option Strategy ETF Trading Up 2.5%

NASDAQ ULTI opened at $13.28 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $26.56 million, a price-to-earnings ratio of 6.42, a PEG ratio of 6.51 and a beta of -4.57. The firm has a 50 day simple moving average of $13.73 and a 200-day simple moving average of $14.43. REX IncomeMax Option Strategy ETF has a one year low of $10.95 and a one year high of $26.50.

REX IncomeMax Option Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, June 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, June 11th. REX IncomeMax Option Strategy ETF’s dividend payout ratio is currently 324.64%.

Hedge Funds Weigh In On REX IncomeMax Option Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ULTI. OLD Mission Capital LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF during the 4th quarter worth about $142,000. Jane Street Group LLC purchased a new position in REX IncomeMax Option Strategy ETF in the fourth quarter valued at approximately $264,000. Finally, Apollon Wealth Management LLC purchased a new position in REX IncomeMax Option Strategy ETF in the first quarter valued at approximately $431,000. Hedge funds and other institutional investors 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.