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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI – Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 91,864 shares, a growth of 117.4% from the August 15th total of 42,255 shares. Based on an average trading volume of 150,312 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the shares of the stock are short sold.

REX FANG & Innovation Equity Premium Income ETF Price Performance

Shares of FEPI opened at $41.87 on Wednesday. The company has a market capitalization of $690.86 million, a P/E ratio of 41.27 and a beta of 1.11. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68. The business’s 50 day simple moving average is $41.55 and its 200-day simple moving average is $42.42.

Get REX FANG & Innovation Equity Premium Income ETF alerts:

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 17th. Shareholders of record on Wednesday, September 16th will be paid a $0.2044 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a yield of 2,539.0%.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% in the first 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. CoreCap Advisors LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at approximately $233,000. Arlington Trust Co LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter valued at $65,000. Finally, Private Wealth Asset Management LLC acquired a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at $36,000.

About REX FANG & Innovation Equity Premium Income ETF

(Get Free Report)

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.

See Also

• Five stocks we like better than REX FANG & Innovation Equity Premium Income ETF
• 2 “Cheap for a Reason” Airline Stocks That May Be Worth the Risk
• Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
• 3 Healthcare Stocks for 3 Stages of Life
• Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid

Receive News & Ratings for REX FANG & Innovation Equity Premium Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX FANG & Innovation Equity Premium Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.