Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Increases By 566.4%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 103,987 shares, an increase of 566.4% from the June 15th total of 15,604 shares. Based on an average daily trading volume, of 211,715 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the company’s stock are sold short.

REX FANG & Innovation Equity Premium Income ETF Stock Down 1.1%

Shares of NASDAQ:FEPI traded down $0.46 during midday trading on Monday, reaching $42.22. 69,306 shares of the company were exchanged, compared to its average volume of 196,024. The firm has a market cap of $673.41 million, a PE ratio of 41.27 and a beta of 1.08. REX FANG & Innovation Equity Premium Income ETF has a fifty-two week low of $37.90 and a fifty-two week high of $49.68. The stock has a fifty day simple moving average of $43.97 and a two-hundred day simple moving average of $43.30.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, July 8th were paid a $0.2064 dividend. The ex-dividend date of this dividend was Wednesday, July 8th.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

A number of institutional investors have recently modified their holdings of FEPI. Janney Montgomery Scott LLC grew its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% during the first quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $4,389,000 after buying an additional 33,288 shares in the last quarter. SBI Securities Co. Ltd. grew 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 valued at $2,440,000 after acquiring an additional 9,934 shares in the last quarter. CoreCap Advisors LLC increased its position 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 valued at $457,000 after acquiring an additional 755 shares during the last quarter. Farther Finance Advisors LLC increased 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 last quarter. Finally, Arlington Trust Co LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF during the second quarter worth about $65,000.

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.