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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of 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 daily trading volume, of 267,771 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised 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 worth $4,389,000 after buying an additional 33,288 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% in the fourth 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 during the period. CoreCap Advisors LLC raised its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock worth $457,000 after buying an additional 755 shares during the period. Farther Finance Advisors LLC raised its stake 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 worth $170,000 after buying an additional 600 shares during the period. Finally, Private Wealth Asset Management LLC bought a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the fourth quarter worth about $36,000.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of NASDAQ FEPI traded up $0.03 during trading on Friday, hitting $43.47. The company had a trading volume of 150,861 shares, compared to its average volume of 197,527. The stock has a 50 day simple moving average of $43.72 and a 200 day simple moving average of $43.77. 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 market capitalization of $652.92 million, a P/E ratio of 41.27 and a beta of 1.05.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 11th. Stockholders of record on Wednesday, June 10th were paid a $0.2133 dividend. The ex-dividend date of this dividend was Wednesday, June 10th.

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.