REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) Trading Down 5.2% – Here’s Why

REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) dropped 5.2% during mid-day trading on Wednesday . The company traded as low as $30.46 and last traded at $31.11. Approximately 79,114 shares changed hands during trading, an increase of 78% from the average daily volume of 44,551 shares. The stock had previously closed at $32.82.

REX Crypto Equity Premium Income ETF Price Performance

The business has a fifty day moving average of $34.86 and a 200 day moving average of $38.15. The stock has a market cap of $82.75 million, a PE ratio of 33.99 and a beta of 2.24.

REX Crypto Equity Premium Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were given a dividend of $1.2327 per share. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Trading of REX Crypto Equity Premium Income ETF

A hedge fund recently raised its stake in REX Crypto Equity Premium Income ETF stock. SBI Securities Co. Ltd. grew its stake in shares of REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) by 275.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,708 shares of the company’s stock after acquiring an additional 13,731 shares during the period. SBI Securities Co. Ltd. owned about 1.26% of REX Crypto Equity Premium Income ETF worth $754,000 at the end of the most recent quarter.

About REX Crypto Equity Premium Income ETF

The REX Crypto Equity Premium Income ETF (CEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in crypto-related and digital payment solutions stocks selected from the index. The fund seeks to generate income by writing covered call options on its holdings, aiming for capital growth and current income, while maintaining the flexibility to adapt based on market conditions. CEPI was launched on Dec 4, 2024 and is issued by REX Shares.