Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Increases By 90.0%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 134,133 shares, a growth of 90.0% from the April 15th total of 70,608 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 186,717 shares, the short-interest ratio is currently 0.7 days.

REX FANG & Innovation Equity Premium Income ETF Trading Down 1.0%

NASDAQ:FEPI traded down $0.46 during trading hours on Friday, reaching $44.66. 207,433 shares of the company were exchanged, compared to its average volume of 186,764. The stock’s 50-day moving average is $42.22 and its 200-day moving average is $44.06. The firm has a market cap of $670.79 million, a PE ratio of 41.27 and a beta of 1.02. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $37.90 and a twelve month high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd were given a dividend of $0.9045 per share. This is a boost from REX FANG & Innovation Equity Premium Income ETF’s previous monthly dividend of $0.88. This represents a c) dividend on an annualized basis and a yield of 24.3%. The ex-dividend date was Wednesday, April 22nd.

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

Large investors have recently added to or reduced their stakes in the stock. Private Wealth Asset Management LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the fourth quarter worth $36,000. Farther Finance Advisors LLC raised its position in REX FANG & Innovation Equity Premium Income ETF by 19.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock worth $170,000 after acquiring an additional 600 shares during the period. CoreCap Advisors LLC boosted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock worth $457,000 after acquiring an additional 755 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% in the fourth 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. Finally, Janney Montgomery Scott LLC boosted its stake 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 worth $3,524,000 after acquiring an additional 51,350 shares during the last quarter.

REX FANG & Innovation Equity Premium Income ETF Company Profile

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.