REX AI Equity Premium Income ETF (NASDAQ:AIPI) Shares Shorted: Short Interest Down 65.1% in October

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 111,492 shares, a decline of 65.1% from the September 30th total of 319,541 shares. Based on an average daily volume of 274,064 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.8% of the company’s stock are sold short.

REX AI Equity Premium Income ETF Price Performance

Shares of REX AI Equity Premium Income ETF stock traded down $1.58 during trading on Friday, hitting $33.81. 299,574 shares of the stock were exchanged, compared to its average volume of 183,053. The firm’s 50-day moving average price is $36.86 and its 200 day moving average price is $36.64. The stock has a market cap of $456.50 million, a price-to-earnings ratio of 41.65 and a beta of 1.11. REX AI Equity Premium Income ETF has a 12-month low of $32.21 and a 12-month high of $44.07.

REX AI Equity Premium Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 28th were given a $0.2387 dividend. This is a drop from REX AI Equity Premium Income ETF’s previous dividend of $0.2396. This represents a dividend yield of 3,427.0%. The ex-dividend date was Wednesday, October 28th.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

A number of large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its holdings in REX AI Equity Premium Income ETF by 45.4% in the third quarter. SBI Securities Co. Ltd. now owns 47,112 shares of the company’s stock valued at $1,762,000 after acquiring an additional 14,719 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of REX AI Equity Premium Income ETF by 51.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,367 shares of the company’s stock valued at $281,000 after purchasing an additional 2,832 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of REX AI Equity Premium Income ETF during the 3rd quarter worth about $77,000.

About REX AI Equity Premium Income ETF

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.