Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Increases By 22.8%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 47,553 shares, a growth of 22.8% from the February 26th total of 38,724 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 119,674 shares, the days-to-cover ratio is currently 0.4 days.

REX AI Equity Premium Income ETF Price Performance

Shares of AIPI stock opened at $32.75 on Monday. REX AI Equity Premium Income ETF has a one year low of $32.70 and a one year high of $45.08. The stock has a fifty day moving average price of $36.69 and a 200 day moving average price of $40.07. The stock has a market cap of $357.96 million, a P/E ratio of 41.65 and a beta of 1.10.

REX AI Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 25th were paid a $1.0234 dividend. The ex-dividend date was Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 37.5%.

Institutional Trading of REX AI Equity Premium Income ETF

Several institutional investors have recently made changes to their positions in AIPI. ORG Partners LLC bought a new stake in REX AI Equity Premium Income ETF in the fourth quarter valued at about $60,000. Janney Montgomery Scott LLC bought a new position in REX AI Equity Premium Income ETF during the fourth quarter worth about $222,000. CoreCap Advisors LLC lifted its stake in REX AI Equity Premium Income ETF by 45.1% during the third quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock worth $255,000 after purchasing an additional 1,882 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in REX AI Equity Premium Income ETF by 45.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock valued at $702,000 after purchasing an additional 5,510 shares in the last quarter.

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.