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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 134,133 shares, a growth of 90.0% from the April 15th total of 70,608 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 186,717 shares, the short-interest ratio is presently 0.7 days.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of REX FANG & Innovation Equity Premium Income ETF stock opened at $44.20 on Tuesday. The firm has a market cap of $663.88 million, a PE ratio of 41.27 and a beta of 1.02. The business’s 50 day simple moving average is $42.26 and its 200 day simple moving average is $43.98. 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 firm also recently disclosed a monthly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd were issued a $0.9045 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 24.6%. This is a boost from REX FANG & Innovation Equity Premium Income ETF’s previous monthly dividend of $0.88. The ex-dividend date was Wednesday, April 22nd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in REX FANG & Innovation Equity Premium Income ETF by 43.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock valued at $4,389,000 after buying an additional 33,288 shares during the last quarter. Private Wealth Asset Management LLC acquired a new position in shares of REX FANG & Innovation Equity Premium Income ETF during the 4th quarter worth about $36,000. SBI Securities Co. Ltd. grew its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock valued at $2,440,000 after acquiring an additional 9,934 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 valued at $170,000 after acquiring an additional 600 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock valued at $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.