REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Short Interest Update

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 18,310 shares, a decrease of 84.9% from the April 30th total of 121,473 shares. Based on an average daily volume of 86,496 shares, the short-interest ratio is currently 0.2 days. Currently, 0.9% of the shares of the stock are sold short.

REX IncomeMax Option Strategy ETF Price Performance

Shares of ULTI traded down $0.49 during mid-day trading on Friday, hitting $14.94. 103,195 shares of the company were exchanged, compared to its average volume of 75,604. REX IncomeMax Option Strategy ETF has a 1-year low of $10.95 and a 1-year high of $26.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average of $13.47 and a 200-day moving average of $14.87. The stock has a market cap of $29.88 million, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 6.51 and a beta of 4.35.

REX IncomeMax Option Strategy ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 28th were given a dividend of $0.215 per share. This is a boost from REX IncomeMax Option Strategy ETF’s previous dividend of $0.19. The ex-dividend date was Thursday, May 28th. REX IncomeMax Option Strategy ETF’s payout ratio is currently 296.14%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ULTI. Jane Street Group LLC acquired a new position in shares of REX IncomeMax Option Strategy ETF during the 4th quarter worth about $264,000. OLD Mission Capital LLC acquired a new position in shares of REX IncomeMax Option Strategy ETF during the 4th quarter worth about $142,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of REX IncomeMax Option Strategy ETF during the 1st quarter worth about $431,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

About REX IncomeMax Option Strategy ETF

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.