REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Sees Large Decrease in Short Interest

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 45,750 shares, a drop of 65.5% from the February 26th total of 132,759 shares. Based on an average trading volume of 152,349 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

REX FANG & Innovation Equity Premium Income ETF Trading Down 2.1%

NASDAQ:FEPI traded down $0.81 during trading hours on Friday, reaching $38.68. 306,040 shares of the company were exchanged, compared to its average volume of 190,804. The stock’s 50-day moving average is $42.58 and its 200-day moving average is $45.19. The firm has a market cap of $545.39 million, a PE ratio of 41.27 and a beta of 1.05. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $35.44 and a twelve month high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.8675 per share. The ex-dividend date of this dividend was Wednesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FEPI. Janney Montgomery Scott LLC boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 197.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock worth $3,524,000 after buying an additional 51,350 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock valued at $2,440,000 after acquiring an additional 9,934 shares during the last quarter. CoreCap Advisors LLC lifted its position 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 valued at $457,000 after acquiring an additional 755 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 valued at $170,000 after acquiring an additional 600 shares in the last quarter. Finally, Private Wealth Asset Management LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the fourth quarter worth 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.