Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Grows By 56.8%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 33,400 shares, a growth of 56.8% from the June 30th total of 21,300 shares. Based on an average trading volume of 160,400 shares, the days-to-cover ratio is currently 0.2 days.

REX FANG & Innovation Equity Premium Income ETF Price Performance

Shares of FEPI stock traded up $0.52 during mid-day trading on Friday, hitting $51.38. The stock had a trading volume of 304,469 shares, compared to its average volume of 129,005. REX FANG & Innovation Equity Premium Income ETF has a 12-month low of $48.41 and a 12-month high of $57.29. The firm’s 50-day moving average is $54.73 and its two-hundred day moving average is $55.05. The firm has a market capitalization of $351.95 million, a P/E ratio of 43.97 and a beta of 1.06.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, July 26th will be issued a dividend of $1.0888 per share. This represents a $13.07 annualized dividend and a yield of 25.43%. The ex-dividend date is Friday, July 26th.

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.