REX AI Equity Premium Income ETF (NASDAQ:AIPI) Declares Dividend of $0.25

REX AI Equity Premium Income ETF (NASDAQ:AIPI) announced a dividend on Tuesday, September 1st. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.2507 per share on Thursday, September 3rd. This represents a yield of 3,571.0%. The ex-dividend date is Wednesday, September 2nd. This is a 3.7% increase from REX AI Equity Premium Income ETF’s previous dividend of $0.24.

REX AI Equity Premium Income ETF Stock Down 1.3%

NASDAQ AIPI traded down $0.47 during midday trading on Wednesday, hitting $36.50. The company had a trading volume of 116,768 shares, compared to its average volume of 166,969. The firm has a fifty day simple moving average of $36.26 and a two-hundred day simple moving average of $36.29. REX AI Equity Premium Income ETF has a fifty-two week low of $32.21 and a fifty-two week high of $45.08. The stock has a market cap of $427.05 million, a price-to-earnings ratio of 41.65 and a beta of 1.09.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

An institutional investor recently bought a new stake in REX AI Equity Premium Income ETF stock. Janney Montgomery Scott LLC bought a new stake in REX AI Equity Premium Income ETF (NASDAQ:AIPI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,535 shares of the company’s stock, valued at approximately $222,000. Janney Montgomery Scott LLC owned approximately 0.05% of REX AI Equity Premium Income ETF as of its most recent filing with the SEC.

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.