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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 18,281 shares, a drop of 87.7% from the July 15th total of 148,524 shares. Based on an average trading volume of 232,423 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

REX FANG & Innovation Equity Premium Income ETF Price Performance

NASDAQ:FEPI traded up $0.07 during mid-day trading on Wednesday, hitting $41.85. 198,764 shares of the company’s stock were exchanged, compared to its average volume of 198,466. The company has a market cap of $690.52 million, a PE ratio of 41.27 and a beta of 1.10. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68. The business has a fifty day moving average price of $42.15 and a 200 day moving average price of $42.57.

REX FANG & Innovation Equity Premium Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 6th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.1954 per share. The ex-dividend date was Wednesday, August 5th. This is a positive change from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.19.

Institutional Investors Weigh In On REX FANG & Innovation Equity Premium Income ETF

Several hedge funds have recently added to or reduced their stakes in FEPI. Janney Montgomery Scott LLC lifted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 197.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock worth $3,524,000 after buying an additional 51,350 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock valued at $2,440,000 after acquiring an additional 9,934 shares in the last quarter. CoreCap Advisors LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter worth approximately $233,000. Arlington Trust Co LLC bought a new position in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at approximately $65,000. Finally, Private Wealth Asset Management LLC bought a new position in REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at approximately $36,000.

About REX FANG & Innovation Equity Premium Income ETF

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.