REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Shares Down 2.1% – Should You Sell?

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) shares fell 2.1% during mid-day trading on Wednesday . The stock traded as low as $46.32 and last traded at $46.52. 109,076 shares were traded during mid-day trading, a decline of 23% from the average session volume of 141,855 shares. The stock had previously closed at $47.53.

REX FANG & Innovation Equity Premium Income ETF Price Performance

The company has a 50 day simple moving average of $46.28 and a 200-day simple moving average of $44.14. The stock has a market capitalization of $500.09 million, a P/E ratio of 41.27 and a beta of 1.06.

Hedge Funds Weigh In On REX FANG & Innovation Equity Premium Income ETF

Several large investors have recently modified their holdings of FEPI. Janney Montgomery Scott LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the first quarter valued at approximately $201,000. Cambridge Investment Research Advisors Inc. raised its holdings 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 acquiring an additional 1,143 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the first quarter worth $134,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 7.2% in the second quarter. Farther Finance Advisors LLC now owns 5,138 shares of the company’s stock worth $234,000 after acquiring an additional 344 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.