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 significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 15,604 shares, a decrease of 60.0% from the May 31st total of 38,964 shares. Based on an average daily trading volume, of 224,903 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

REX FANG & Innovation Equity Premium Income ETF Stock Up 1.8%

NASDAQ FEPI traded up $0.73 during trading on Monday, hitting $42.37. 179,113 shares of the stock traded hands, compared to its average volume of 199,479. REX FANG & Innovation Equity Premium Income ETF has a 12-month low of $37.90 and a 12-month high of $49.68. The firm has a 50-day simple moving average of $44.11 and a 200-day simple moving average of $43.56. The company has a market capitalization of $636.40 million, a P/E ratio of 41.27 and a beta of 1.05.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 24th were issued a $0.2054 dividend. The ex-dividend date of this dividend was Wednesday, June 24th.

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

Large investors have recently bought and sold shares of the business. CoreCap Advisors LLC lifted its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% in the 4th quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock worth $457,000 after acquiring an additional 755 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock valued at $170,000 after purchasing an additional 600 shares during the period. SBI Securities Co. Ltd. grew 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 buying an additional 9,934 shares in the last quarter. Private Wealth Asset Management LLC bought a new position in REX FANG & Innovation Equity Premium Income ETF during the 4th quarter worth about $36,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 197.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock valued at $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.