REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) Stock Price Down 4.4% – What’s Next?

REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) was down 4.4% during mid-day trading on Friday . The company traded as low as $32.90 and last traded at $33.35. Approximately 85,510 shares changed hands during mid-day trading, an increase of 100% from the average daily volume of 42,847 shares. The stock had previously closed at $34.90.

REX Crypto Equity Premium Income ETF Stock Down 4.4%

The stock has a market cap of $97.05 million, a P/E ratio of 33.99 and a beta of 1.70. The firm’s 50-day moving average is $32.64 and its two-hundred day moving average is $33.17.

REX Crypto Equity Premium Income ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, June 3rd were given a dividend of $0.2882 per share. The ex-dividend date of this dividend was Wednesday, June 3rd.

Hedge Funds Weigh In On 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. boosted its holdings in shares of REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) by 77.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,871 shares of the company’s stock after acquiring an additional 11,686 shares during the quarter. SBI Securities Co. Ltd. owned approximately 1.01% of REX Crypto Equity Premium Income ETF worth $905,000 at the end of the most recent reporting period.

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.