REX AI Equity Premium Income ETF (NASDAQ:AIPI) Sees Large Increase in Short Interest

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 29,200 shares, an increase of 81.4% from the January 31st total of 16,100 shares. Based on an average daily volume of 191,400 shares, the short-interest ratio is currently 0.2 days.

REX AI Equity Premium Income ETF Trading Up 1.1 %

AIPI stock opened at $44.20 on Friday. REX AI Equity Premium Income ETF has a 12-month low of $43.00 and a 12-month high of $56.15. The stock has a market cap of $232.05 million and a price-to-earnings ratio of 42.50. The business’s 50-day moving average is $49.29 and its 200 day moving average is $49.97.

REX AI Equity Premium Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 26th were paid a dividend of $1.355 per share. The ex-dividend date was Wednesday, February 26th.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

An institutional investor recently raised its position in REX AI Equity Premium Income ETF stock. OLD Mission Capital LLC increased its holdings in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 55.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,562 shares of the company’s stock after purchasing an additional 7,689 shares during the period. OLD Mission Capital LLC owned 0.41% of REX AI Equity Premium Income ETF worth $1,057,000 as of its most recent SEC filing.

REX AI Equity Premium Income ETF Company Profile

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.