Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Drops By 52.8%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 14,400 shares, a decrease of 52.8% from the March 31st total of 30,500 shares. Based on an average daily volume of 177,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

REX FANG & Innovation Equity Premium Income ETF Stock Down 0.1 %

Shares of REX FANG & Innovation Equity Premium Income ETF stock traded down $0.04 during trading hours on Monday, reaching $41.28. 88,748 shares of the company’s stock were exchanged, compared to its average volume of 164,376. The company has a market capitalization of $421.06 million, a P/E ratio of 33.49 and a beta of 1.06. REX FANG & Innovation Equity Premium Income ETF has a 1 year low of $35.44 and a 1 year high of $56.44. The business has a fifty day moving average of $42.44 and a two-hundred day moving average of $47.93.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 24th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.8238 per share. This represents a $9.89 annualized dividend and a dividend yield of 23.95%. The ex-dividend date of this dividend was Wednesday, April 23rd.

Institutional Investors Weigh In On REX FANG & Innovation Equity Premium Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 1st quarter worth $201,000. Farther Finance Advisors LLC increased its position in REX FANG & Innovation Equity Premium Income ETF by 42.8% during the fourth quarter. Farther Finance Advisors LLC now owns 5,966 shares of the company’s stock worth $296,000 after purchasing an additional 1,789 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in REX FANG & Innovation Equity Premium Income ETF by 4.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,343 shares of the company’s stock worth $1,055,000 after purchasing an additional 1,143 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.