REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Short Interest Update

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 38,964 shares, a decline of 73.6% from the May 14th total of 147,785 shares. Based on an average daily trading volume, of 267,771 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On REX FANG & Innovation Equity Premium Income ETF

A number of large investors have recently made changes to their positions in FEPI. Janney Montgomery Scott LLC grew its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock valued at $4,389,000 after buying an additional 33,288 shares in the last quarter. SBI Securities Co. Ltd. grew its stake 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 buying an additional 9,934 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% in 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 in the last quarter. Farther Finance Advisors LLC grew its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% in 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 in the last quarter. Finally, Private Wealth Asset Management LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at approximately $36,000.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

NASDAQ FEPI traded up $0.49 on Thursday, reaching $43.44. The company’s stock had a trading volume of 228,119 shares, compared to its average volume of 197,938. The stock has a market cap of $652.47 million, a PE ratio of 41.27 and a beta of 1.05. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $37.90 and a twelve month high of $49.68. The firm’s 50 day moving average is $43.58 and its two-hundred day moving average is $43.77.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 11th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.2133 per share. The ex-dividend date is Wednesday, June 10th.

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.