REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.45 and traded as low as $52.08. REX FANG & Innovation Equity Premium Income ETF shares last traded at $52.26, with a volume of 204,073 shares changing hands.

REX FANG & Innovation Equity Premium Income ETF Trading Up 0.4 %

The firm’s 50-day moving average price is $51.51 and its two-hundred day moving average price is $52.45. The stock has a market cap of $407.63 million, a PE ratio of 43.97 and a beta of 1.06.

REX FANG & Innovation Equity Premium Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, October 24th were issued a dividend of $1.0776 per share. The ex-dividend date was Thursday, October 24th. This represents a $12.93 dividend on an annualized basis and a yield of 24.74%.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

An institutional investor recently bought a new position in REX FANG & Innovation Equity Premium Income ETF stock. Beck Capital Management LLC acquired a new position in shares of REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 56,448 shares of the company’s stock, valued at approximately $2,895,000. Beck Capital Management LLC owned about 0.72% of REX FANG & Innovation Equity Premium Income ETF at the end of the most recent reporting period.

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.