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 decline in short interest in September. As of September 15th, there was short interest totaling 45,691 shares, a decline of 50.3% from the August 31st total of 91,864 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 166,713 shares, the short-interest ratio is currently 0.3 days.

REX FANG & Innovation Equity Premium Income ETF Price Performance

REX FANG & Innovation Equity Premium Income ETF stock traded up $0.17 during mid-day trading on Tuesday, reaching $42.96. The company had a trading volume of 22,186 shares, compared to its average volume of 193,663. The stock’s 50-day simple moving average is $41.73 and its 200-day simple moving average is $42.49. REX FANG & Innovation Equity Premium Income ETF has a 1 year low of $37.90 and a 1 year high of $49.68. The company has a market capitalization of $721.71 million, a P/E ratio of 41.27 and a beta of 1.11.

REX FANG & Innovation Equity Premium Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were paid a $0.2105 dividend. This represents a yield of 2,541.0%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is an increase from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.2044.

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

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in 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 valued at $4,389,000 after purchasing an additional 33,288 shares during the last quarter. CoreCap Advisors LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at $233,000. Arlington Trust Co LLC acquired a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at about $65,000. Finally, Private Wealth Asset Management LLC purchased a new stake in REX FANG & Innovation Equity Premium Income ETF during the fourth quarter worth approximately $36,000.

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.