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

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 89,700 shares, an increase of 78.7% from the May 15th total of 50,200 shares. Based on an average daily volume of 115,200 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.3% of the company’s stock are short sold.

REX AI Equity Premium Income ETF Stock Performance

NASDAQ AIPI opened at $42.72 on Monday. The business has a 50 day simple moving average of $40.72 and a 200 day simple moving average of $45.04. REX AI Equity Premium Income ETF has a 52-week low of $33.68 and a 52-week high of $56.15. The stock has a market cap of $284.09 million and a price-to-earnings ratio of 36.82.

REX AI Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 29th. Investors of record on Wednesday, May 28th were paid a dividend of $1.2325 per share. This represents a $14.79 dividend on an annualized basis and a yield of 34.62%. This is a boost from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 28th.

Institutional Trading of REX AI Equity Premium Income ETF

An institutional investor recently raised its position in REX AI Equity Premium Income ETF stock. OLD Mission Capital LLC increased its holdings in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 55.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,562 shares of the company’s stock after purchasing an additional 7,689 shares during the quarter. OLD Mission Capital LLC owned 0.41% of REX AI Equity Premium Income ETF worth $1,057,000 as of its most recent filing with the SEC.

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.