REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Short Interest Up 33.4% in January

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 77,572 shares, a growth of 33.4% from the December 31st total of 58,161 shares. Based on an average daily volume of 160,649 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 160,649 shares, the days-to-cover ratio is currently 0.5 days.

REX FANG & Innovation Equity Premium Income ETF Trading Down 1.0%

NASDAQ FEPI opened at $43.50 on Wednesday. The stock’s 50-day moving average price is $45.56 and its two-hundred day moving average price is $46.28. The company has a market cap of $606.83 million, a PE ratio of 41.27 and a beta of 1.05. REX FANG & Innovation Equity Premium Income ETF has a 1 year low of $35.44 and a 1 year high of $50.30.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, January 28th were given a $0.9548 dividend. This represents a c) annualized dividend and a dividend yield of 26.3%. The ex-dividend date of this dividend was Wednesday, January 28th.

Hedge Funds Weigh In On REX FANG & Innovation Equity Premium Income ETF

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in shares of REX FANG & Innovation Equity Premium Income ETF by 36.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,575 shares of the company’s stock worth $299,000 after purchasing an additional 1,756 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in REX FANG & Innovation Equity Premium Income ETF by 199.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 9,647 shares of the company’s stock worth $439,000 after buying an additional 6,425 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock valued at $457,000 after buying an additional 755 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock valued at $170,000 after buying an additional 600 shares during the period.

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.