Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Declines By 87.7%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 18,281 shares, a decline of 87.7% from the July 15th total of 148,524 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 232,423 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock valued at $4,389,000 after acquiring an additional 33,288 shares during the last quarter. Arlington Trust Co LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF during the second quarter worth approximately $65,000. CoreCap Advisors LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the second quarter valued at approximately $233,000. Private Wealth Asset Management LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the fourth quarter valued at approximately $36,000. Finally, SBI Securities Co. Ltd. raised its position in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% in the fourth 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 period.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of FEPI remained flat at $42.43 during mid-day trading on Friday. 73,828 shares of the stock traded hands, compared to its average volume of 197,795. The firm has a market capitalization of $700.10 million, a PE ratio of 41.27 and a beta of 1.10. The firm’s fifty day simple moving average is $42.01 and its two-hundred day simple moving average is $42.53. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, August 13th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.2029 per share. This is an increase from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.20. The ex-dividend date was Wednesday, August 12th.

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.