REX AI Equity Premium Income ETF (NASDAQ:AIPI) Shareholders to Get $0.24 Dividend

REX AI Equity Premium Income ETF (NASDAQ:AIPI) declared a dividend on Tuesday, October 20th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.2396 per share on Thursday, October 22nd. This represents a yield of 3,452.0%. The ex-dividend date of this dividend is Wednesday, October 21st. This is a 4.5% decrease from REX AI Equity Premium Income ETF’s previous dividend of $0.2510.

REX AI Equity Premium Income ETF Stock Performance

REX AI Equity Premium Income ETF stock traded up $0.30 during midday trading on Wednesday, reaching $36.17. 105,540 shares of the company were exchanged, compared to its average volume of 180,734. The firm’s 50-day simple moving average is $37.08 and its 200-day simple moving average is $36.66. REX AI Equity Premium Income ETF has a 1 year low of $32.21 and a 1 year high of $45.08. The company has a market capitalization of $490.09 million, a price-to-earnings ratio of 41.65 and a beta of 1.11.

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. CoreCap Advisors LLC acquired a new position in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,050 shares of the company’s stock, valued at approximately $77,000.

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.