REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Shares Shorted: Short Interest Down 50.3% in September

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 45,691 shares, a drop of 50.3% from the August 31st total of 91,864 shares. Based on an average daily trading volume, of 166,713 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

REX FANG & Innovation Equity Premium Income ETF Price Performance

Shares of FEPI stock traded up $0.17 during mid-day trading on Tuesday, hitting $42.96. The stock had a trading volume of 22,186 shares, compared to its average volume of 193,663. 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 $721.71 million, a PE ratio of 41.27 and a beta of 1.11. The company’s 50-day simple moving average is $41.73 and its 200-day simple moving average is $42.49.

REX FANG & Innovation Equity Premium Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were issued a dividend of $0.2105 per share. This is an increase from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.2044. This represents a yield of 2,541.0%. The ex-dividend date of this dividend was Wednesday, September 23rd.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its holdings 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 acquiring an additional 33,288 shares during the period. CoreCap Advisors LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at $233,000. Arlington Trust Co LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth $65,000. Finally, Private Wealth Asset Management LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 4th quarter worth $36,000.

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.