Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Declines By 74.4%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 58,161 shares, a decrease of 74.4% from the December 15th total of 226,941 shares. Based on an average trading volume of 178,697 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 178,697 shares, the short-interest ratio is presently 0.3 days.

REX FANG & Innovation Equity Premium Income ETF Stock Up 0.5%

FEPI traded up $0.21 during trading hours on Thursday, hitting $45.56. The stock had a trading volume of 90,399 shares, compared to its average volume of 158,269. REX FANG & Innovation Equity Premium Income ETF has a 1 year low of $35.44 and a 1 year high of $50.97. The company’s fifty day simple moving average is $45.92 and its 200 day simple moving average is $46.38. The stock has a market cap of $606.87 million, a PE ratio of 41.27 and a beta of 1.05.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in REX FANG & Innovation Equity Premium Income ETF by 7.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,138 shares of the company’s stock worth $234,000 after purchasing an additional 344 shares during the period. Janney Montgomery Scott LLC boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 36.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,575 shares of the company’s stock valued at $299,000 after purchasing an additional 1,756 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 199.4% in the second quarter. SBI Securities Co. Ltd. now owns 9,647 shares of the company’s stock worth $439,000 after purchasing an additional 6,425 shares during the period. Finally, CoreCap Advisors LLC boosted its stake in REX FANG & Innovation Equity Premium Income ETF by 8.1% during the fourth 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.

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.