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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 33,900 shares, an increase of 117.3% from the July 31st total of 15,600 shares. Based on an average trading volume of 195,400 shares, the short-interest ratio is currently 0.2 days.

REX FANG & Innovation Equity Premium Income ETF Trading Up 1.2 %

Shares of NASDAQ:FEPI traded up $0.61 during mid-day trading on Friday, reaching $50.81. The company had a trading volume of 90,851 shares, compared to its average volume of 138,869. REX FANG & Innovation Equity Premium Income ETF has a one year low of $44.16 and a one year high of $57.29. The company’s 50-day moving average price is $52.55 and its 200-day moving average price is $54.04. The firm has a market cap of $373.45 million, a price-to-earnings ratio of 43.97 and a beta of 1.06.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 27th were given a dividend of $1.0793 per share. The ex-dividend date was Tuesday, August 27th. This represents a $12.95 dividend on an annualized basis and a dividend yield of 25.49%.

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.