REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Sees Significant Decrease in Short Interest

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 17,200 shares, a decrease of 40.3% from the January 31st total of 28,800 shares. Based on an average daily volume of 184,900 shares, the days-to-cover ratio is presently 0.1 days.

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

An institutional investor recently raised its position in REX FANG & Innovation Equity Premium Income ETF stock. Farther Finance Advisors LLC increased its position in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) by 93.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,177 shares of the company’s stock after purchasing an additional 2,017 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.05% of REX FANG & Innovation Equity Premium Income ETF worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

NASDAQ FEPI traded up $0.54 on Friday, hitting $45.26. The stock had a trading volume of 205,410 shares, compared to its average volume of 158,168. REX FANG & Innovation Equity Premium Income ETF has a 52-week low of $44.16 and a 52-week high of $57.12. The company has a market capitalization of $429.97 million, a price-to-earnings ratio of 43.97 and a beta of 1.06. The firm has a 50-day moving average of $49.40 and a 200-day moving average of $50.64.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.9806 per share. The ex-dividend date was Wednesday, February 26th.

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.