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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 42,255 shares, an increase of 131.1% from the July 30th total of 18,281 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 171,289 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

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

REX FANG & Innovation Equity Premium Income ETF Price Performance

NASDAQ FEPI traded up $0.14 on Friday, hitting $42.10. 336,900 shares of the company’s stock were exchanged, compared to its average volume of 195,188. REX FANG & Innovation Equity Premium Income ETF has a fifty-two week low of $37.90 and a fifty-two week high of $49.68. The firm has a market cap of $694.65 million, a price-to-earnings ratio of 41.27 and a beta of 1.10. The firm’s 50-day moving average price is $41.55 and its two-hundred day moving average price is $42.40.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, August 27th. Shareholders of record on Wednesday, August 26th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 26th.

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.