Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Drops By 35.5%

REX AI Equity Premium Income ETF (NASDAQ:AIPIGet Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 145,276 shares, a decline of 35.5% from the July 15th total of 225,346 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 150,428 shares, the days-to-cover ratio is currently 1.0 days.

REX AI Equity Premium Income ETF Stock Performance

AIPI stock opened at $37.42 on Tuesday. REX AI Equity Premium Income ETF has a 52 week low of $32.21 and a 52 week high of $45.08. The firm’s fifty day moving average is $36.36 and its 200 day moving average is $36.32. The firm has a market cap of $437.81 million, a P/E ratio of 41.65 and a beta of 1.09.

REX AI Equity Premium Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 13th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.2492 per share. The ex-dividend date was Wednesday, August 12th. This is a positive change from REX AI Equity Premium Income ETF’s previous dividend of $0.24.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in REX AI Equity Premium Income ETF stock. Janney Montgomery Scott LLC purchased a new position in REX AI Equity Premium Income ETF (NASDAQ:AIPIFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,535 shares of the company’s stock, valued at approximately $222,000. Janney Montgomery Scott LLC owned 0.05% of REX AI Equity Premium Income ETF at the end of the most recent reporting period.

REX AI Equity Premium Income ETF Company Profile

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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.

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