REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Short Interest Down 70.8% in August

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 1,997 shares, a decline of 70.8% from the August 15th total of 6,845 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 106,664 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On REX IncomeMax Option Strategy ETF

Several hedge funds have recently bought and sold shares of ULTI. Apollon Wealth Management LLC acquired a new position in REX IncomeMax Option Strategy ETF during the first quarter worth approximately $431,000. Jane Street Group LLC acquired a new position in shares of REX IncomeMax Option Strategy ETF during the 4th quarter worth approximately $264,000. Finally, OLD Mission Capital LLC bought a new stake in REX IncomeMax Option Strategy ETF in the 4th quarter valued at $142,000. 91.20% of the stock is currently owned by institutional investors and hedge funds.

REX IncomeMax Option Strategy ETF Trading Up 0.5%

REX IncomeMax Option Strategy ETF stock opened at $6.50 on Friday. 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 50-day moving average of $7.77 and a 200-day moving average of $11.19. The company has a market cap of $22.10 million, a price-to-earnings ratio of 3.14, a P/E/G ratio of 6.51 and a beta of -4.40. REX IncomeMax Option Strategy ETF has a one year low of $6.17 and a one year high of $26.50.

REX IncomeMax Option Strategy ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 11th. Stockholders of record on Thursday, September 10th were given a $0.09 dividend. This is a boost from REX IncomeMax Option Strategy ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, September 10th. This represents a dividend yield of 7,233.0%. REX IncomeMax Option Strategy ETF’s payout ratio is 397.10%.

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.