REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) Sees Large Drop in Short Interest

REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 14,314 shares, a decrease of 48.7% from the June 15th total of 27,910 shares. Based on an average daily trading volume, of 43,111 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

REX Crypto Equity Premium Income ETF Price Performance

CEPI stock traded up $0.01 during trading on Wednesday, hitting $32.44. 26,201 shares of the company traded hands, compared to its average volume of 42,602. REX Crypto Equity Premium Income ETF has a 1 year low of $26.98 and a 1 year high of $43.70. The company has a market cap of $110.62 million, a PE ratio of 33.99 and a beta of 1.69. The stock’s 50-day simple moving average is $34.02 and its 200 day simple moving average is $32.89.

REX Crypto Equity Premium Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, July 8th were issued a dividend of $0.2686 per share. The ex-dividend date of this dividend was Wednesday, July 8th.

Institutional Trading of REX Crypto Equity Premium Income ETF

A hedge fund recently raised its position in REX Crypto Equity Premium Income ETF stock. SBI Securities Co. Ltd. raised its position in REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) by 77.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,871 shares of the company’s stock after buying an additional 11,686 shares during the period. SBI Securities Co. Ltd. owned about 1.01% of REX Crypto Equity Premium Income ETF worth $905,000 at the end of the most recent quarter.

REX Crypto Equity Premium Income ETF Company Profile

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.