REX AI Equity Premium Income ETF (NASDAQ:AIPI) Trading Up 0.6% – Should You Buy?

Shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) shot up 0.6% on Wednesday . The stock traded as high as $43.02 and last traded at $42.99. 80,077 shares traded hands during trading, a decline of 43% from the average session volume of 140,838 shares. The stock had previously closed at $42.74.

REX AI Equity Premium Income ETF Stock Up 0.6%

The firm has a 50-day moving average of $42.33 and a two-hundred day moving average of $41.82. The company has a market capitalization of $368.42 million and a PE ratio of 41.65.

Institutional Inflows and Outflows

An institutional investor recently raised its position in REX AI Equity Premium Income ETF stock. SBI Securities Co. Ltd. boosted its stake in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 186.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,345 shares of the company’s stock after acquiring an additional 9,332 shares during the quarter. SBI Securities Co. Ltd. owned 0.18% of REX AI Equity Premium Income ETF worth $622,000 at the end of the most recent reporting period.

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.