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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 91,864 shares, an increase of 117.4% from the August 15th total of 42,255 shares. Based on an average trading volume of 150,312 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the company are short sold.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of NASDAQ FEPI traded down $0.22 during trading hours on Monday, reaching $42.30. 130,471 shares of the stock were exchanged, compared to its average volume of 193,639. The firm has a market capitalization of $697.97 million, a price-to-earnings ratio of 41.27 and a beta of 1.11. REX FANG & Innovation Equity Premium Income ETF has a 52 week low of $37.90 and a 52 week high of $49.68. The stock’s fifty day simple moving average is $41.55 and its 200 day simple moving average is $42.42.

REX FANG & Innovation Equity Premium Income ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a $0.2063 dividend. This represents a yield of 2,525.0%. The ex-dividend date of this dividend was Wednesday, September 9th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Private Wealth Asset Management LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the fourth quarter valued at about $36,000. Arlington Trust Co LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter worth about $65,000. CoreCap Advisors LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter worth about $233,000. Finally, Janney Montgomery Scott LLC raised its stake in REX FANG & Innovation Equity Premium Income ETF by 197.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock worth $3,524,000 after purchasing an additional 51,350 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.