REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) Sees Large Drop in Short Interest

REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 14,314 shares, a decline of 48.7% from the June 15th total of 27,910 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 43,111 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On REX Crypto Equity Premium Income ETF

A hedge fund recently raised its position in REX Crypto Equity Premium Income ETF stock. SBI Securities Co. Ltd. raised its stake in REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) by 77.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,871 shares of the company’s stock after buying an additional 11,686 shares during the quarter. SBI Securities Co. Ltd. owned approximately 1.01% of REX Crypto Equity Premium Income ETF worth $905,000 at the end of the most recent quarter.

REX Crypto Equity Premium Income ETF Trading Up 0.0%

CEPI stock traded up $0.01 during mid-day trading on Wednesday, reaching $32.44. The company’s stock had a trading volume of 26,201 shares, compared to its average volume of 42,602. The stock has a market cap of $110.62 million, a PE ratio of 33.99 and a beta of 1.69. REX Crypto Equity Premium Income ETF has a fifty-two week low of $26.98 and a fifty-two week high of $43.70. The company’s 50 day moving average is $34.02 and its two-hundred day moving average is $32.89.

REX Crypto Equity Premium Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, July 8th were given a $0.2686 dividend. The ex-dividend date was Wednesday, July 8th.

REX Crypto Equity Premium Income ETF Company Profile

The REX Crypto Equity Premium Income ETF (CEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in crypto-related and digital payment solutions stocks selected from the 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. CEPI was launched on Dec 4, 2024 and is issued by REX Shares.