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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 15,604 shares, a decrease of 60.0% from the May 31st total of 38,964 shares. Based on an average daily trading volume, of 224,903 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

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

A number of large investors have recently made changes to their positions in FEPI. Janney Montgomery Scott LLC lifted its position in REX FANG & Innovation Equity Premium Income ETF by 197.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock worth $3,524,000 after acquiring an additional 51,350 shares during the period. Private Wealth Asset Management LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the fourth quarter worth about $36,000. SBI Securities Co. Ltd. grew its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock worth $2,440,000 after purchasing an additional 9,934 shares during the period. Farther Finance Advisors LLC grew its position in REX FANG & Innovation Equity Premium Income ETF by 19.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock valued at $170,000 after buying an additional 600 shares during the period. Finally, CoreCap Advisors LLC grew its position in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock valued at $457,000 after acquiring an additional 755 shares during the period.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

FEPI stock traded up $0.73 during trading on Monday, reaching $42.37. The company had a trading volume of 179,113 shares, compared to its average volume of 199,479. The firm has a 50-day simple moving average of $44.11 and a 200-day simple moving average of $43.56. The company has a market cap of $636.40 million, a price-to-earnings ratio of 41.27 and a beta of 1.05. 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 Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 24th were issued a $0.2054 dividend. The ex-dividend date of this dividend was Wednesday, June 24th.

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.