REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Short Interest Down 49.1% in February

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 38,714 shares, a drop of 49.1% from the January 29th total of 76,063 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 222,398 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 222,398 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FEPI. Janney Montgomery Scott LLC boosted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 197.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock valued at $3,524,000 after buying an additional 51,350 shares during the period. SBI Securities Co. Ltd. raised its stake in REX FANG & Innovation Equity Premium Income ETF by 21.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock worth $2,440,000 after acquiring an additional 9,934 shares in the last quarter. CoreCap Advisors LLC increased its position in REX FANG & Innovation Equity Premium Income ETF by 8.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock worth $457,000 after purchasing an additional 755 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in 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 purchasing an additional 600 shares during the last quarter. Finally, Private Wealth Asset Management LLC bought a new position in REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at approximately $36,000.

REX FANG & Innovation Equity Premium Income ETF Trading Down 0.6%

Shares of REX FANG & Innovation Equity Premium Income ETF stock traded down $0.27 during trading hours on Friday, reaching $41.35. 159,672 shares of the company’s stock were exchanged, compared to its average volume of 199,099. The company has a 50 day moving average of $44.09 and a two-hundred day moving average of $45.76. The stock has a market cap of $583.04 million, a P/E ratio of 41.27 and a beta of 1.05. REX FANG & Innovation Equity Premium Income ETF has a fifty-two week low of $35.44 and a fifty-two week high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.8833 per share. This represents a c) annualized dividend and a yield of 25.6%. The ex-dividend date of this dividend was Wednesday, February 25th.

REX FANG & Innovation Equity Premium Income ETF Company Profile

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.