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 dropped 1.8% during trading on Monday . The company traded as low as $41.23 and last traded at $41.48. Approximately 173,937 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 197,364 shares. The stock had previously closed at $42.24.

REX FANG & Innovation Equity Premium Income ETF Price Performance

The company has a market cap of $584.87 million, a price-to-earnings ratio of 41.27 and a beta of 1.05. The firm has a 50 day simple moving average of $44.40 and a 200-day simple moving average of $45.90.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, January 28th were given a dividend of $0.9548 per share. This represents a c) dividend on an annualized basis and a dividend yield of 27.6%. The ex-dividend date of this dividend was Wednesday, January 28th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake 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 buying an additional 51,350 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of 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 worth $2,440,000 after acquiring an additional 9,934 shares during the last quarter. Private Wealth Asset Management LLC acquired a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter worth approximately $36,000. CoreCap Advisors LLC boosted its position 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 purchasing an additional 755 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in 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 purchasing an additional 600 shares during 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.