Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Declines By 49.1%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 38,714 shares, a decrease of 49.1% from the January 29th total of 76,063 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 222,398 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 222,398 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

REX FANG & Innovation Equity Premium Income ETF Price Performance

FEPI stock opened at $41.62 on Friday. The stock has a market capitalization of $586.84 million, a P/E ratio of 41.27 and a beta of 1.05. The business has a 50-day moving average of $44.19 and a 200-day moving average of $45.81. REX FANG & Innovation Equity Premium Income ETF has a fifty-two week low of $35.44 and a fifty-two week high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.8833 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 25.5%.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FEPI. Janney Montgomery Scott LLC boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 197.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock worth $3,524,000 after purchasing an additional 51,350 shares during the last quarter. SBI Securities Co. Ltd. lifted 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 worth $2,440,000 after buying an additional 9,934 shares in the last quarter. Private Wealth Asset Management LLC acquired a new position in shares of REX FANG & Innovation Equity Premium Income ETF during the 4th quarter worth about $36,000. CoreCap Advisors LLC boosted its stake 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 grew its holdings 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 acquiring an additional 600 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.