REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 45,691 shares, a decrease of 50.3% from the August 31st total of 91,864 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 166,713 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of FEPI. Janney Montgomery Scott LLC raised its stake 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 purchasing an additional 33,288 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter valued at about $233,000. Arlington Trust Co LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at approximately $65,000. Finally, Private Wealth Asset Management LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at approximately $36,000.
REX FANG & Innovation Equity Premium Income ETF Stock Performance
Shares of FEPI stock traded down $0.08 during trading on Wednesday, hitting $42.84. 115,673 shares of the company were exchanged, compared to its average volume of 193,900. The business’s 50-day simple moving average is $41.76 and its 200 day simple moving average is $42.49. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $37.90 and a twelve month high of $49.68. The firm has a market capitalization of $719.71 million, a price-to-earnings ratio of 41.27 and a beta of 1.11.
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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