REX AI Equity Premium Income ETF (NASDAQ:AIPI) Sees Significant Drop in Short Interest

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 70,412 shares, a decrease of 59.1% from the November 30th total of 172,202 shares. Based on an average daily trading volume, of 153,742 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 153,742 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of REX AI Equity Premium Income ETF

A hedge fund recently raised its stake in REX AI Equity Premium Income ETF stock. CoreCap Advisors LLC boosted its position in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 45.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,057 shares of the company’s stock after buying an additional 1,882 shares during the quarter. CoreCap Advisors LLC owned approximately 0.07% of REX AI Equity Premium Income ETF worth $255,000 at the end of the most recent reporting period.

REX AI Equity Premium Income ETF Trading Down 1.6%

Shares of AIPI stock opened at $41.08 on Friday. REX AI Equity Premium Income ETF has a twelve month low of $33.68 and a twelve month high of $51.34. The stock has a market cap of $360.23 million, a P/E ratio of 41.65 and a beta of 1.10. The stock has a 50 day moving average of $42.17 and a 200 day moving average of $42.55.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 25th were issued a dividend of $1.2012 per share. This represents a c) annualized dividend and a dividend yield of 35.1%. The ex-dividend date of this dividend was Tuesday, November 25th.

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.