REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Short Interest Down 73.6% in May

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 38,964 shares, a drop of 73.6% from the May 14th total of 147,785 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 267,771 shares, the days-to-cover ratio is presently 0.1 days.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of FEPI traded up $0.03 on Friday, reaching $43.47. The stock had a trading volume of 150,861 shares, compared to its average volume of 197,527. The firm has a market capitalization of $652.92 million, a price-to-earnings ratio of 41.27 and a beta of 1.05. The company has a 50-day simple moving average of $43.72 and a 200-day simple moving average of $43.77. REX FANG & Innovation Equity Premium Income ETF has a 12-month low of $37.90 and a 12-month high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 11th. Stockholders of record on Wednesday, June 10th were paid a $0.2133 dividend. The ex-dividend date was Wednesday, June 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Wealth Asset Management LLC purchased a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at approximately $36,000. Farther Finance Advisors LLC lifted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% in the 4th 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. CoreCap Advisors LLC lifted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% in the 4th 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. SBI Securities Co. Ltd. increased its position in 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 valued at $2,440,000 after buying an additional 9,934 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in REX FANG & Innovation Equity Premium Income ETF by 197.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock valued at $3,524,000 after buying an additional 51,350 shares in the last quarter.

About REX FANG & Innovation Equity Premium Income ETF

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.