REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Shares Up 2.1% – Still a Buy?

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI)’s share price traded up 2.1% during mid-day trading on Thursday . The stock traded as high as $45.80 and last traded at $45.60. 129,887 shares traded hands during trading, a decline of 9% from the average session volume of 143,329 shares. The stock had previously closed at $44.68.

REX FANG & Innovation Equity Premium Income ETF Stock Up 2.1%

The stock has a fifty day simple moving average of $46.72 and a 200-day simple moving average of $46.21. The company has a market capitalization of $547.20 million, a P/E ratio of 41.27 and a beta of 1.05.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEPI. SBI Securities Co. Ltd. grew its stake in REX FANG & Innovation Equity Premium Income ETF by 199.4% during the second quarter. SBI Securities Co. Ltd. now owns 9,647 shares of the company’s stock worth $439,000 after buying an additional 6,425 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 36.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,575 shares of the company’s stock valued at $299,000 after acquiring an additional 1,756 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 7.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,138 shares of the company’s stock worth $234,000 after acquiring an additional 344 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.