REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 103,987 shares, an increase of 566.4% from the June 15th total of 15,604 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 211,715 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in FEPI. Janney Montgomery Scott LLC lifted its position in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $4,389,000 after buying an additional 33,288 shares during the period. SBI Securities Co. Ltd. grew its position in REX FANG & Innovation Equity Premium Income ETF by 21.9% in the fourth 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 during the period. CoreCap Advisors LLC grew its position in 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 period. Farther Finance Advisors LLC raised its stake in REX FANG & Innovation Equity Premium Income ETF by 19.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock worth $170,000 after acquiring an additional 600 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the second quarter worth $65,000.
REX FANG & Innovation Equity Premium Income ETF Price Performance
FEPI stock traded up $0.08 on Friday, reaching $42.68. 163,703 shares of the company were exchanged, compared to its average volume of 197,008. The firm has a market capitalization of $680.75 million, a PE ratio of 41.27 and a beta of 1.08. REX FANG & Innovation Equity Premium Income ETF has a 12 month low of $37.90 and a 12 month high of $49.68. The stock’s fifty day moving average price is $43.97 and its 200 day moving average price is $43.32.
REX FANG & Innovation Equity Premium Income ETF Cuts Dividend
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.
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