REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Short Interest Up 115.8% in June

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 84,802 shares, an increase of 115.8% from the May 31st total of 39,294 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average trading volume of 100,109 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of REX IncomeMax Option Strategy ETF

Several institutional investors have recently modified their holdings of the stock. Apollon Wealth Management LLC acquired a new position in shares of REX IncomeMax Option Strategy ETF in the 1st quarter valued at $431,000. OLD Mission Capital LLC acquired a new stake in REX IncomeMax Option Strategy ETF during the 4th quarter worth $142,000. Finally, Jane Street Group LLC acquired a new stake in REX IncomeMax Option Strategy ETF during the 4th quarter worth $264,000. Hedge funds and other institutional investors own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Trading Down 5.9%

ULTI opened at $10.92 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. REX IncomeMax Option Strategy ETF has a one year low of $10.59 and a one year high of $26.50. The company has a market cap of $21.84 million, a P/E ratio of 5.28, a PEG ratio of 6.51 and a beta of -4.20. The business’s 50-day simple moving average is $13.41 and its 200-day simple moving average is $13.91.

REX IncomeMax Option Strategy ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, July 1st will be paid a $0.16 dividend. This is an increase from REX IncomeMax Option Strategy ETF’s previous dividend of $0.15. The ex-dividend date is Wednesday, July 1st. REX IncomeMax Option Strategy ETF’s payout ratio is currently 340.58%.

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.