REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Increases Dividend to $0.90 Per Share

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a monthly dividend on Tuesday, April 21st, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 22nd will be given a dividend of 0.9045 per share on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 25.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. This is a 2.4% increase from REX FANG & Innovation Equity Premium Income ETF’s previous monthly dividend of $0.88.

REX FANG & Innovation Equity Premium Income ETF Stock Down 0.7%

Shares of NASDAQ FEPI traded down $0.29 during trading on Wednesday, reaching $42.82. The company had a trading volume of 112,358 shares, compared to its average volume of 188,030. The company’s fifty day moving average price is $41.57 and its 200-day moving average price is $44.45. REX FANG & Innovation Equity Premium Income ETF has a 12 month low of $37.90 and a 12 month high of $49.68. The stock has a market cap of $628.60 million, a P/E ratio of 41.27 and a beta of 1.01.

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.