Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Grows By 117.4%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 91,864 shares, a growth of 117.4% from the August 15th total of 42,255 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 150,312 shares, the days-to-cover ratio is currently 0.6 days.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of NASDAQ:FEPI traded down $0.29 during midday trading on Tuesday, reaching $41.87. 126,594 shares of the company’s stock traded hands, compared to its average volume of 193,437. The company has a market cap of $690.86 million, a price-to-earnings ratio of 41.27 and a beta of 1.11. The stock has a 50 day moving average of $41.55 and a 200 day moving average of $42.42. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were given a dividend of $0.2063 per share. The ex-dividend date was Wednesday, September 9th. This represents a yield of 2,525.0%.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Arlington Trust Co LLC purchased a new position in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth $65,000. CoreCap Advisors LLC bought a new position in shares of REX FANG & Innovation Equity Premium Income ETF during the second quarter worth $233,000. Janney Montgomery Scott LLC boosted its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock valued at $4,389,000 after purchasing an additional 33,288 shares during the last quarter. Finally, Private Wealth Asset Management LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF during the 4th quarter valued at approximately $36,000.

About REX FANG & Innovation Equity Premium Income ETF

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.