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

by · The Markets Daily

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 42,255 shares, an increase of 131.1% from the July 30th total of 18,281 shares. Based on an average trading volume of 171,289 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Private Wealth Asset Management LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF during the 4th quarter valued at about $36,000. Arlington Trust Co LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter worth approximately $65,000. Farther Finance Advisors LLC lifted its position 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 worth $170,000 after purchasing an additional 600 shares during the period. CoreCap Advisors LLC bought a new position in shares of REX FANG & Innovation Equity Premium Income ETF during the second quarter valued at approximately $233,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% during 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 in the last quarter.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

FEPI traded up $0.14 during trading on Friday, hitting $42.10. 336,900 shares of the stock were exchanged, compared to its average volume of 195,188. The firm has a 50 day simple moving average of $41.55 and a 200 day simple moving average of $42.40. The firm has a market cap of $694.65 million, a price-to-earnings ratio of 41.27 and a beta of 1.10. REX FANG & Innovation Equity Premium Income ETF has a 1 year low of $37.90 and a 1 year high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, August 27th. Stockholders of record on Wednesday, August 26th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 26th.

About REX FANG & Innovation Equity Premium Income ETF

(Get Free Report)

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.

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