REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Shares Shorted: Short Interest Up 127.3% in September

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 103,855 shares, a growth of 127.3% from the September 15th total of 45,691 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 198,695 shares, the days-to-cover ratio is currently 0.5 days.

REX FANG & Innovation Equity Premium Income ETF Stock Down 1.3%

Shares of FEPI stock traded down $0.57 during mid-day trading on Thursday, reaching $41.51. The company’s stock had a trading volume of 255,545 shares, compared to its average volume of 196,706. The company’s 50 day simple moving average is $42.44 and its 200-day simple moving average is $42.62. REX FANG & Innovation Equity Premium Income ETF has a 12-month low of $37.90 and a 12-month high of $49.68. The firm has a market capitalization of $715.27 million, a PE ratio of 41.27 and a beta of 1.09.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, October 14th will be issued a $0.2094 dividend. The ex-dividend date is Wednesday, October 14th. This represents a yield of 2,588.0%. This is a decrease from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.2105.

Institutional Investors Weigh In On REX FANG & Innovation Equity Premium Income ETF

A number of hedge funds have recently bought and sold shares of FEPI. Arlington Trust Co LLC bought a new position in REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth approximately $65,000. CoreCap Advisors LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at approximately $233,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock valued at $4,389,000 after acquiring an additional 33,288 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.