Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Increases By 131.1%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPIGet Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 42,255 shares, a growth of 131.1% from the July 30th total of 18,281 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 171,289 shares, the short-interest ratio is currently 0.2 days.

REX FANG & Innovation Equity Premium Income ETF Trading Up 0.3%

FEPI traded up $0.14 during midday trading on Friday, hitting $42.10. 336,647 shares of the company were exchanged, compared to its average volume of 195,163. The firm has a market capitalization of $694.65 million, a price-to-earnings ratio of 41.27 and a beta of 1.10. REX FANG & Innovation Equity Premium Income ETF has a 1-year low of $37.90 and a 1-year high of $49.68. The company’s 50 day simple moving average is $41.59 and its 200 day simple moving average is $42.40.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 27th. Stockholders of record on Wednesday, August 26th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 26th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Arlington Trust Co LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the second quarter worth $65,000. CoreCap Advisors LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at approximately $233,000. Janney Montgomery Scott LLC grew its holdings 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 in the last quarter. Private Wealth Asset Management LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF during the fourth quarter worth about $36,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock worth $2,440,000 after buying an additional 9,934 shares during the last quarter.

About REX FANG & Innovation Equity Premium Income ETF

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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.

Further Reading

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