Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Expands By 49.1%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,845 shares, a growth of 49.1% from the July 30th total of 4,592 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 38,206 shares, the days-to-cover ratio is currently 0.2 days.

REX IncomeMax Option Strategy ETF Trading Down 3.8%

Shares of REX IncomeMax Option Strategy ETF stock opened at $6.52 on Wednesday. REX IncomeMax Option Strategy ETF has a 1 year low of $6.17 and a 1 year high of $26.50. 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 company has a market capitalization of $22.17 million, a P/E ratio of 3.15, a PEG ratio of 6.51 and a beta of -4.68. The company’s fifty day moving average is $8.46 and its two-hundred day moving average is $11.52.

REX IncomeMax Option Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 27th were given a $0.095 dividend. This represents a yield of 6,968.0%. The ex-dividend date was Thursday, August 27th. REX IncomeMax Option Strategy ETF’s payout ratio is 388.41%.

Institutional Trading of REX IncomeMax Option Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ULTI. Jane Street Group LLC purchased a new position in shares of REX IncomeMax Option Strategy ETF in the 4th quarter valued at approximately $264,000. OLD Mission Capital LLC acquired a new stake in shares of 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 during the first quarter worth $431,000. 91.20% of the stock is owned by hedge funds and other institutional investors.

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.