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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 103,987 shares, a growth of 566.4% from the June 15th total of 15,604 shares. Based on an average daily trading volume, of 211,715 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the company’s shares are short sold.

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

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in REX FANG & Innovation Equity Premium Income ETF by 43.0% during the first quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $4,389,000 after purchasing an additional 33,288 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% in the 4th 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. CoreCap Advisors LLC grew its stake 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 buying an additional 755 shares during the period. Farther Finance Advisors LLC grew its stake 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 valued at $170,000 after buying an additional 600 shares during the period. Finally, Arlington Trust Co LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth $65,000.

REX FANG & Innovation Equity Premium Income ETF Trading Down 1.4%

FEPI traded down $0.58 during midday trading on Monday, hitting $42.10. The company’s stock had a trading volume of 92,094 shares, compared to its average volume of 196,142. The firm has a market cap of $671.50 million, a P/E ratio of 41.27 and a beta of 1.08. The firm has a 50-day moving average price of $43.97 and a two-hundred day moving average price of $43.30. REX FANG & Innovation Equity Premium Income ETF has a 52-week low of $37.90 and a 52-week high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, July 8th were given a $0.2064 dividend. The ex-dividend date of this dividend was Wednesday, July 8th.

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.