REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Short Interest Down 65.5% in March

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 45,750 shares, a decline of 65.5% from the February 26th total of 132,759 shares. Based on an average daily volume of 152,349 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

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

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of 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 valued at $170,000 after acquiring an additional 600 shares during the last quarter. CoreCap Advisors LLC grew 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 purchasing an additional 755 shares during the last quarter. Private Wealth Asset Management LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF during the 4th quarter valued at about $36,000. SBI Securities Co. Ltd. increased its holdings in REX FANG & Innovation Equity Premium Income ETF by 21.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock valued at $2,440,000 after purchasing an additional 9,934 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in REX FANG & Innovation Equity Premium Income ETF by 197.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock valued at $3,524,000 after purchasing an additional 51,350 shares during the last quarter.

REX FANG & Innovation Equity Premium Income ETF Stock Down 2.7%

Shares of REX FANG & Innovation Equity Premium Income ETF stock traded down $1.11 on Thursday, hitting $39.61. The stock had a trading volume of 241,308 shares, compared to its average volume of 187,435. REX FANG & Innovation Equity Premium Income ETF has a one year low of $35.44 and a one year high of $49.68. The stock has a market cap of $558.50 million, a price-to-earnings ratio of 41.27 and a beta of 1.05. The stock’s 50-day simple moving average is $42.70 and its two-hundred day simple moving average is $45.23.

REX FANG & Innovation Equity Premium Income ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.8675 per share. The ex-dividend date of this dividend is Wednesday, March 25th.

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.