Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Decreases By 71.2%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 4,592 shares, a decrease of 71.2% from the July 15th total of 15,933 shares. Based on an average daily volume of 90,876 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

REX IncomeMax Option Strategy ETF Stock Performance

Shares of ULTI traded up $0.05 during trading hours on Friday, reaching $7.66. 41,608 shares of the company’s stock traded hands, compared to its average volume of 79,335. REX IncomeMax Option Strategy ETF has a twelve month low of $6.94 and a twelve month high of $26.50. The business’s fifty day simple moving average is $9.82 and its two-hundred day simple moving average is $12.24. 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 firm has a market capitalization of $26.04 million, a price-to-earnings ratio of 3.70, a P/E/G ratio of 6.51 and a beta of -4.24.

REX IncomeMax Option Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, August 13th. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is presently 374.88%.

Institutional Trading of REX IncomeMax Option Strategy ETF

A number of institutional investors have recently made changes to their positions in ULTI. OLD Mission Capital LLC bought a new position in shares of REX IncomeMax Option Strategy ETF in the fourth quarter valued at approximately $142,000. Jane Street Group LLC acquired a new stake in REX IncomeMax Option Strategy ETF in the fourth quarter worth approximately $264,000. Finally, Apollon Wealth Management LLC bought a new position in REX IncomeMax Option Strategy ETF during the 1st quarter valued at $431,000. 91.20% of the stock is owned by institutional investors and hedge funds.

REX IncomeMax Option Strategy ETF Company Profile

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.