Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Rises By 566.4%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 103,987 shares, a growth of 566.4% from the June 15th total of 15,604 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 211,715 shares, the days-to-cover ratio is currently 0.5 days.

REX FANG & Innovation Equity Premium Income ETF Trading Up 0.2%

FEPI stock traded up $0.08 during trading on Friday, hitting $42.68. 163,703 shares of the stock traded hands, compared to its average volume of 197,008. The stock has a market cap of $680.75 million, a price-to-earnings ratio of 41.27 and a beta of 1.08. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68. The company has a 50 day simple moving average of $43.97 and a 200 day simple moving average of $43.32.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, July 8th were paid a $0.2064 dividend. The ex-dividend date was Wednesday, July 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its position in REX FANG & Innovation Equity Premium Income ETF by 43.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $4,389,000 after acquiring an additional 33,288 shares during the last quarter. SBI Securities Co. Ltd. raised its position in REX FANG & Innovation Equity Premium Income ETF by 21.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock valued at $2,440,000 after purchasing an additional 9,934 shares during the last quarter. CoreCap Advisors LLC boosted its stake in REX FANG & Innovation Equity Premium Income ETF by 8.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock worth $457,000 after purchasing an additional 755 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in REX FANG & Innovation Equity Premium Income ETF by 19.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock worth $170,000 after purchasing an additional 600 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the second quarter worth $65,000.

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.