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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 18,281 shares, a decrease of 87.7% from the July 15th total of 148,524 shares. Based on an average trading volume of 232,423 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On REX FANG & Innovation Equity Premium Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 19.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock worth $170,000 after acquiring an additional 600 shares during the period. Private Wealth Asset Management LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the 4th quarter worth $36,000. Arlington Trust Co LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at about $65,000. CoreCap Advisors LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at approximately $233,000. Finally, SBI Securities Co. Ltd. increased its stake in 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 purchasing an additional 9,934 shares during the last quarter.

REX FANG & Innovation Equity Premium Income ETF Price Performance

FEPI stock traded up $0.66 on Thursday, hitting $42.46. 174,800 shares of the company were exchanged, compared to its average volume of 198,457. The stock has a market capitalization of $700.59 million, a price-to-earnings ratio of 41.27 and a beta of 1.10. The business’s fifty day moving average is $42.08 and its two-hundred day moving average is $42.55. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $37.90 and a twelve month high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, August 13th. Stockholders of record on Wednesday, August 12th will be paid a $0.2029 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.20.

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.