REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Update

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 9,635 shares, a decline of 79.5% from the April 15th total of 47,102 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 132,056 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of REX AI Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its holdings in REX AI Equity Premium Income ETF by 45.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock worth $702,000 after purchasing an additional 5,510 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in REX AI Equity Premium Income ETF by 51.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,367 shares of the company’s stock worth $281,000 after purchasing an additional 2,832 shares in the last quarter. CoreCap Advisors LLC increased its holdings in REX AI Equity Premium Income ETF by 45.1% during the 3rd quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock worth $255,000 after purchasing an additional 1,882 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in shares of REX AI Equity Premium Income ETF in the 4th quarter worth approximately $60,000.

REX AI Equity Premium Income ETF Stock Performance

Shares of AIPI opened at $36.67 on Tuesday. The stock has a 50 day moving average price of $35.38 and a two-hundred day moving average price of $38.55. The firm has a market capitalization of $398.97 million, a P/E ratio of 41.65 and a beta of 1.00. REX AI Equity Premium Income ETF has a 52 week low of $32.21 and a 52 week high of $45.08.

REX AI Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd were issued a dividend of $1.0518 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a yield of 34.4%. This is an increase from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.02.

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.