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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 91,864 shares, an increase of 117.4% from the August 15th total of 42,255 shares. Based on an average daily trading volume, of 150,312 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in shares of 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 purchasing an additional 51,350 shares in the last quarter. CoreCap Advisors LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at about $233,000. Arlington Trust Co LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF during the second quarter worth about $65,000. Finally, Private Wealth Asset Management LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF during the fourth quarter worth about $36,000.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of FEPI stock traded down $0.22 during trading on Monday, hitting $42.30. The company had a trading volume of 130,471 shares, compared to its average volume of 193,639. The firm has a market capitalization of $697.97 million, a P/E ratio of 41.27 and a beta of 1.11. The stock’s 50-day moving average price is $41.55 and its 200 day moving average price is $42.42. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a $0.2063 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a yield of 2,525.0%.

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.