REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Stock Short Interest Declines 50.3%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 45,691 shares, a decline of 50.3% from the August 31st total of 91,864 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 166,713 shares, the days-to-cover ratio is currently 0.3 days.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of FEPI stock traded down $0.09 during trading hours on Thursday, reaching $42.75. The company had a trading volume of 173,717 shares, compared to its average volume of 193,748. The company has a market capitalization of $718.20 million, a P/E ratio of 41.27 and a beta of 1.11. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $37.90 and a twelve month high of $49.68. The stock’s fifty day simple moving average is $41.79 and its 200 day simple moving average is $42.50.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th will be given a $0.2074 dividend. This represents a yield of 2,518.0%. This is a negative change from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.2105. The ex-dividend date of this dividend is Wednesday, September 30th.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

A number of hedge funds have recently made changes to their positions in FEPI. Janney Montgomery Scott LLC boosted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% in the first quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock valued at $4,389,000 after purchasing an additional 33,288 shares during the period. CoreCap Advisors LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter worth $233,000. Arlington Trust Co LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter worth $65,000. Finally, Private Wealth Asset Management LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at about $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.