REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Sees Large Drop in Short Interest

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 13,900 shares, a drop of 83.6% from the June 15th total of 84,802 shares. Based on an average trading volume of 102,149 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are short sold.

REX IncomeMax Option Strategy ETF Stock Down 5.0%

ULTI stock traded down $0.49 during trading on Monday, hitting $9.27. 123,187 shares of the company’s stock were exchanged, compared to its average volume of 81,435. The business has a 50-day moving average price of $12.87 and a two-hundred day moving average price of $13.58. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $32.17 million, a price-to-earnings ratio of 4.48, a PEG ratio of 6.51 and a beta of -4.23. REX IncomeMax Option Strategy ETF has a 52-week low of $9.21 and a 52-week high of $26.50.

REX IncomeMax Option Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, July 9th. REX IncomeMax Option Strategy ETF’s payout ratio is currently 354.59%.

Institutional Inflows and Outflows

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

REX IncomeMax Option Strategy ETF Company Profile

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.