REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Short Interest Update

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 38,964 shares, a drop of 73.6% from the May 14th total of 147,785 shares. Based on an average trading volume of 267,771 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the shares of the stock are short sold.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

REX FANG & Innovation Equity Premium Income ETF stock traded up $0.49 during midday trading on Thursday, reaching $43.44. The company’s stock had a trading volume of 228,119 shares, compared to its average volume of 197,938. REX FANG & Innovation Equity Premium Income ETF has a fifty-two week low of $37.90 and a fifty-two week high of $49.68. The stock’s 50 day simple moving average is $43.58 and its 200 day simple moving average is $43.77. The firm has a market capitalization of $652.47 million, a PE ratio of 41.27 and a beta of 1.05.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 11th. Investors of record on Wednesday, June 10th will be paid a $0.2133 dividend. The ex-dividend date of this dividend is Wednesday, June 10th.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEPI. Private Wealth Asset Management LLC purchased a new stake in REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at about $36,000. Farther Finance Advisors LLC grew its position in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock worth $170,000 after buying an additional 600 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% during 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 during the period. SBI Securities Co. Ltd. raised its position in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock worth $2,440,000 after purchasing an additional 9,934 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of 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 acquiring an additional 51,350 shares during the period.

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.