Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Increases By 90.0%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 134,133 shares, an increase of 90.0% from the April 15th total of 70,608 shares. Based on an average daily volume of 186,717 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.9% of the shares of the company are short sold.

REX FANG & Innovation Equity Premium Income ETF Stock Down 1.0%

Shares of NASDAQ:FEPI traded down $0.46 during trading on Friday, hitting $44.66. The stock had a trading volume of 207,433 shares, compared to its average volume of 186,764. 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 has a market capitalization of $670.79 million, a price-to-earnings ratio of 41.27 and a beta of 1.02. The stock has a 50-day simple moving average of $42.22 and a two-hundred day simple moving average of $44.06.

REX FANG & Innovation Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 23rd. Investors of record on Wednesday, April 22nd were given a dividend of $0.9045 per share. This is an increase from REX FANG & Innovation Equity Premium Income ETF’s previous monthly dividend of $0.88. This represents a c) annualized dividend and a yield of 24.3%. The ex-dividend date was Wednesday, April 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FEPI. Private Wealth Asset Management LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF in the fourth quarter valued at approximately $36,000. Janney Montgomery Scott LLC grew its holdings in 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 purchasing an additional 51,350 shares during the period. SBI Securities Co. Ltd. grew its holdings 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 purchasing an additional 9,934 shares during the period. Farther Finance Advisors LLC grew its holdings in REX FANG & Innovation Equity Premium Income ETF by 19.1% in the fourth 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 period. Finally, CoreCap Advisors LLC grew its holdings 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 purchasing an additional 755 shares during the period.

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.