REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Stock Price Down 0.9% – Should You Sell?

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI)’s share price fell 0.9% during mid-day trading on Friday . The stock traded as low as $43.02 and last traded at $43.25. 129,690 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 163,555 shares. The stock had previously closed at $43.66.

REX FANG & Innovation Equity Premium Income ETF Stock Down 0.9%

The company has a 50 day moving average price of $41.62 and a 200-day moving average price of $46.82. The company has a market cap of $442.45 million, a price-to-earnings ratio of 37.35 and a beta of 1.06.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 24th. Stockholders of record on Wednesday, April 23rd were paid a $0.8238 dividend. This represents a $9.89 annualized dividend and a dividend yield of 22.86%. The ex-dividend date of this dividend was Wednesday, April 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in REX FANG & Innovation Equity Premium Income ETF during the 1st quarter valued at approximately $134,000. Janney Montgomery Scott LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF during the 1st quarter valued at approximately $201,000. Farther Finance Advisors LLC increased its position in REX FANG & Innovation Equity Premium Income ETF by 42.8% during the 4th quarter. Farther Finance Advisors LLC now owns 5,966 shares of the company’s stock valued at $296,000 after purchasing an additional 1,789 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in REX FANG & Innovation Equity Premium Income ETF by 4.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,343 shares of the company’s stock valued at $1,055,000 after purchasing an additional 1,143 shares during the period.

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.