Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Drops By 60.0%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a large decrease in short interest in 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 volume of 224,903 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

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

Shares of NASDAQ:FEPI traded up $0.75 on Tuesday, hitting $43.12. The company had a trading volume of 137,598 shares, compared to its average volume of 198,937. The firm’s 50-day simple moving average is $44.09 and its two-hundred day simple moving average is $43.53. REX FANG & Innovation Equity Premium Income ETF has a 1 year low of $37.90 and a 1 year high of $49.68. The firm has a market capitalization of $647.66 million, a price-to-earnings ratio of 41.27 and a beta of 1.05.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FEPI. Farther Finance Advisors LLC raised its holdings in 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 purchasing an additional 600 shares in the last quarter. CoreCap Advisors LLC boosted its holdings 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 in the last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter worth about $36,000. SBI Securities Co. Ltd. grew its position in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% in 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 during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $4,389,000 after acquiring an additional 33,288 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.