REX AI Equity Premium Income ETF (NASDAQ:AIPI) Sees Large Growth in Short Interest

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 337,959 shares, an increase of 203.1% from the October 15th total of 111,492 shares. Based on an average trading volume of 278,056 shares, the short-interest ratio is currently 1.2 days. Currently, 2.5% of the company’s shares are sold short.

REX AI Equity Premium Income ETF Trading Down 1.1%

Shares of REX AI Equity Premium Income ETF stock traded down $0.36 during trading on Friday, hitting $31.01. 155,978 shares of the stock were exchanged, compared to its average volume of 188,172. The stock has a market capitalization of $418.63 million, a price-to-earnings ratio of 29.01 and a beta of 1.15. REX AI Equity Premium Income ETF has a 1-year low of $29.51 and a 1-year high of $42.68. The company has a fifty day moving average price of $35.72 and a 200-day moving average price of $36.20.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 13th. Shareholders of record on Thursday, November 12th were given a dividend of $0.2082 per share. This is a decrease from REX AI Equity Premium Income ETF’s previous dividend of $0.2180. The ex-dividend date of this dividend was Thursday, November 12th.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its position in shares of REX AI Equity Premium Income ETF by 45.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 47,112 shares of the company’s stock valued at $1,762,000 after buying an additional 14,719 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in REX AI Equity Premium Income ETF by 51.2% in the first quarter. Janney Montgomery Scott LLC now owns 8,367 shares of the company’s stock worth $281,000 after acquiring an additional 2,832 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in shares of REX AI Equity Premium Income ETF during the third quarter valued at approximately $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.