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

Shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) traded up 0.3% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $44.27 and last traded at $44.20. 140,635 shares changed hands during trading, an increase of 33% from the average session 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 given a dividend of $1.2804 per share. This represents a $15.36 dividend on an annualized basis and a dividend yield of 37.19%. The ex-dividend date of this dividend is Wednesday, March 26th.

REX AI Equity Premium Income ETF Stock Down 1.4 %

The company’s fifty day moving average is $46.76 and its two-hundred day moving average is $49.14. The stock has a market cap of $216.88 million and a price-to-earnings ratio of 37.30.

Institutional Inflows and Outflows

An institutional investor recently raised its position in REX AI Equity Premium Income ETF stock. OLD Mission Capital LLC raised its stake in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 55.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.