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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a significant decrease in short interest during the month of 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. Based on an average daily volume of 222,398 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short. Currently, 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 presently 0.2 days.

REX FANG & Innovation Equity Premium Income ETF Stock Down 0.7%

NASDAQ:FEPI opened at $41.62 on Friday. The firm has a market capitalization of $586.84 million, a price-to-earnings ratio of 41.27 and a beta of 1.05. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $35.44 and a twelve month high of $49.68. The stock’s 50 day moving average price is $44.19 and its two-hundred day moving average price is $45.81.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The firm 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. This represents a c) dividend on an annualized basis and a yield of 25.5%. The ex-dividend date of this dividend was Wednesday, February 25th.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Hedge funds have recently modified their holdings of the stock. Private Wealth Asset Management LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at about $36,000. Farther Finance Advisors LLC boosted its position in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% in the fourth 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 during the period. SBI Securities Co. Ltd. grew its position in shares of REX FANG & Innovation Equity Premium Income ETF by 199.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,647 shares of the company’s stock worth $439,000 after purchasing an additional 6,425 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% during the fourth 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, Janney Montgomery Scott LLC raised its position 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 buying an additional 51,350 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.