REX AI Equity Premium Income ETF (NASDAQ:AIPI) Shares Up 0.3% Following Dividend Announcement

REX AI Equity Premium Income ETF (NASDAQ:AIPI)’s stock price was up 0.3% during trading on Tuesday after the company announced a dividend. The company traded as high as $44.27 and last traded at $44.20. Approximately 140,635 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 106,102 shares. The stock had previously closed at $44.08.

The newly announced dividend which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th will be issued a $1.2804 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $15.36 dividend on an annualized basis and a dividend yield of 37.19%.

REX AI Equity Premium Income ETF Stock Down 1.4 %

The company has a market cap of $216.88 million and a PE ratio of 37.30. The firm has a 50 day simple moving average of $46.76 and a 200-day simple moving average of $49.14.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

A hedge fund recently raised its stake in REX AI Equity Premium Income ETF stock. OLD Mission Capital LLC lifted its position in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 55.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,562 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

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.