REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Sees Significant Growth in Short Interest

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 132,759 shares, a growth of 242.9% from the February 12th total of 38,714 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 147,957 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 147,957 shares, the short-interest ratio is currently 0.9 days. Approximately 0.9% of the company’s stock are short sold.

REX FANG & Innovation Equity Premium Income ETF Stock Down 0.7%

Shares of NASDAQ FEPI traded down $0.31 during trading hours on Friday, hitting $41.85. 107,550 shares of the stock were exchanged, compared to its average volume of 189,586. The firm has a fifty day moving average price of $43.36 and a 200-day moving average price of $45.48. REX FANG & Innovation Equity Premium Income ETF has a 12 month low of $35.44 and a 12 month high of $49.68. The company has a market cap of $590.09 million, a PE ratio of 41.27 and a beta of 1.05.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were issued a $0.8833 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 25.3%.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

A number of institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in REX FANG & Innovation Equity Premium Income ETF by 199.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 9,647 shares of the company’s stock valued at $439,000 after buying an additional 6,425 shares during the last quarter. Janney Montgomery Scott LLC grew its position in REX FANG & Innovation Equity Premium Income ETF by 197.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock worth $3,524,000 after buying an additional 51,350 shares during the period. Private Wealth Asset Management LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter worth approximately $36,000. Farther Finance Advisors LLC increased its position in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% in the fourth 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, CoreCap Advisors LLC raised its position 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 worth $457,000 after acquiring an additional 755 shares during the last quarter.

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.