REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Raises Dividend to $0.90 Per Share

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a monthly dividend on Tuesday, April 21st, NASDAQ Dividends reports. Investors of record on Wednesday, April 22nd will be paid a dividend of 0.9045 per share on Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 25.3%. The ex-dividend date is Wednesday, April 22nd. This is a 2.4% increase from REX FANG & Innovation Equity Premium Income ETF’s previous monthly dividend of $0.88.

REX FANG & Innovation Equity Premium Income ETF Price Performance

Shares of REX FANG & Innovation Equity Premium Income ETF stock traded down $0.29 on Wednesday, hitting $42.82. 112,358 shares of the company’s stock traded hands, compared to its average volume of 188,030. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68. The company has a fifty day moving average of $41.57 and a two-hundred day moving average of $44.45. The company has a market capitalization of $628.60 million, a price-to-earnings ratio of 41.27 and a beta of 1.01.

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.