REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Shares Down 1.8% – Time to Sell?

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) shares fell 1.8% on Monday . The company traded as low as $41.23 and last traded at $41.48. 173,937 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 197,364 shares. The stock had previously closed at $42.24.

REX FANG & Innovation Equity Premium Income ETF Stock Down 1.8%

The business has a 50-day moving average price of $44.40 and a 200-day moving average price of $45.90. The firm has a market capitalization of $584.87 million, a PE ratio of 41.27 and a beta of 1.05.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 28th were issued a $0.9548 dividend. This represents a c) annualized dividend and a yield of 27.6%. The ex-dividend date was Wednesday, January 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of 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. boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 21.9% in the 4th 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 last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at approximately $36,000. CoreCap Advisors LLC increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock worth $457,000 after buying an additional 755 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock worth $170,000 after buying an additional 600 shares during the last quarter.

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.