REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Sees Large Decrease in Short Interest

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 58,161 shares, a decrease of 74.4% from the December 15th total of 226,941 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 178,697 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 178,697 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

REX FANG & Innovation Equity Premium Income ETF Stock Up 0.1%

NASDAQ:FEPI traded up $0.03 during mid-day trading on Tuesday, reaching $45.81. 108,137 shares of the company were exchanged, compared to its average volume of 160,361. The stock has a market cap of $606.98 million, a PE ratio of 41.27 and a beta of 1.05. REX FANG & Innovation Equity Premium Income ETF has a 12 month low of $35.44 and a 12 month high of $50.97. The company has a fifty day moving average of $46.00 and a 200 day moving average of $46.38.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its position in REX FANG & Innovation Equity Premium Income ETF by 199.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 9,647 shares of the company’s stock worth $439,000 after purchasing an additional 6,425 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in REX FANG & Innovation Equity Premium Income ETF by 36.4% during the second quarter. Janney Montgomery Scott LLC now owns 6,575 shares of the company’s stock valued at $299,000 after purchasing an additional 1,756 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in REX FANG & Innovation Equity Premium Income ETF by 7.2% in the second quarter. Farther Finance Advisors LLC now owns 5,138 shares of the company’s stock valued at $234,000 after purchasing an additional 344 shares in the last quarter.

REX FANG & Innovation Equity Premium Income ETF Company Profile

The REX FANG & Innovation Equity Premium Income ETF (FEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking to provide similar returns as the Solactive FANG Innovation Index and monthly income. The fund invests in the securities comprising the index while writing call options on them. FEPI was launched on Oct 9, 2023 and is issued by REX.