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

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 39,294 shares, an increase of 114.6% from the May 14th total of 18,310 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 102,817 shares, the days-to-cover ratio is currently 0.4 days.

REX IncomeMax Option Strategy ETF Trading Down 1.3%

NASDAQ ULTI traded down $0.17 during trading hours on Friday, reaching $12.95. The company’s stock had a trading volume of 89,006 shares, compared to its average volume of 77,822. The firm has a fifty day simple moving average of $13.73 and a 200-day simple moving average of $14.44. The stock has a market cap of $25.90 million, a P/E ratio of 6.26, a P/E/G ratio of 6.51 and a beta of -4.57. REX IncomeMax Option Strategy ETF has a 52 week low of $10.95 and a 52 week high of $26.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.02 and a quick ratio of 1.02.

REX IncomeMax Option Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 12th. Investors of record on Thursday, June 11th were issued a $0.17 dividend. The ex-dividend date was Thursday, June 11th. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is 316.43%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in REX IncomeMax Option Strategy ETF during the 4th quarter worth approximately $142,000. Jane Street Group LLC bought a new position in REX IncomeMax Option Strategy ETF during the 4th quarter worth approximately $264,000. Finally, Apollon Wealth Management LLC bought a new position in REX IncomeMax Option Strategy ETF during the 1st quarter worth approximately $431,000. Institutional investors own 91.20% of the company’s stock.

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.