REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) Stock Short Interest Falls 74.0%

REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 8,679 shares, a decline of 74.0% from the August 31st total of 33,356 shares. Based on an average daily trading volume, of 43,390 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

REX Crypto Equity Premium Income ETF Stock Performance

NASDAQ:CEPI traded down $0.04 during midday trading on Friday, reaching $31.94. 36,432 shares of the stock traded hands, compared to its average volume of 43,547. REX Crypto Equity Premium Income ETF has a 12-month low of $26.98 and a 12-month high of $43.70. The business has a 50-day moving average of $31.48 and a two-hundred day moving average of $32.24. The stock has a market capitalization of $124.89 million, a PE ratio of 33.99 and a beta of 1.72.

REX Crypto Equity Premium Income ETF Cuts Dividend

The firm also recently declared a weekly dividend, which was paid on Thursday, August 27th. Stockholders of record on Wednesday, August 26th were given a dividend of $0.2522 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This is a drop from REX Crypto Equity Premium Income ETF’s previous weekly dividend of $0.2578. This represents a dividend yield of 4,176.0%.

REX Crypto Equity Premium Income ETF Company Profile

The REX Crypto Equity Premium Income ETF (CEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in crypto-related and digital payment solutions stocks selected from the index. The fund seeks to generate income by writing covered call options on its holdings, aiming for capital growth and current income, while maintaining the flexibility to adapt based on market conditions. CEPI was launched on Dec 4, 2024 and is issued by REX Shares.