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

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 66,778 shares, an increase of 380.7% from the September 30th total of 13,893 shares. Based on an average daily volume of 60,628 shares, the short-interest ratio is presently 1.1 days. Currently, 2.3% of the shares of the stock are short sold.

Institutional Trading of REX IncomeMax Option Strategy ETF

An institutional investor recently bought a new stake in REX IncomeMax Option Strategy ETF stock. Apollon Wealth Management LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,250 shares of the technology company’s stock, valued at approximately $431,000. Apollon Wealth Management LLC owned 2.23% of REX IncomeMax Option Strategy ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Stock Down 0.0%

Shares of REX IncomeMax Option Strategy ETF stock opened at $5.22 on Wednesday. The stock’s 50-day moving average is $6.45 and its 200 day moving average is $11.01. REX IncomeMax Option Strategy ETF has a one year low of $4.93 and a one year 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. The firm has a market cap of $14.87 million, a price-to-earnings ratio of 2.52, a PEG ratio of 6.51 and a beta of -4.65.

REX IncomeMax Option Strategy ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 23rd. Stockholders of record on Thursday, October 22nd were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 22nd. This is an increase from REX IncomeMax Option Strategy ETF’s previous dividend of $0.07. This represents a dividend yield of 7,894.0%. REX IncomeMax Option Strategy ETF’s dividend payout ratio is 420.77%.

REX IncomeMax Option Strategy ETF Company Profile

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.