Short Interest in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Rises By 21.7%

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 22,400 shares, an increase of 21.7% from the February 28th total of 18,400 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 185,000 shares, the days-to-cover ratio is presently 0.1 days.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of FEPI stock traded down $1.73 during midday trading on Thursday, hitting $40.43. 129,243 shares of the company were exchanged, compared to its average volume of 161,090. REX FANG & Innovation Equity Premium Income ETF has a 52 week low of $39.88 and a 52 week high of $56.44. The firm has a market capitalization of $384.09 million, a P/E ratio of 36.93 and a beta of 1.06. The firm’s 50 day moving average price is $46.34 and its two-hundred day moving average price is $49.50.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.9437 per share. The ex-dividend date was Wednesday, March 26th.

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 boosted its position in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) by 42.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,966 shares of the company’s stock after purchasing an additional 1,789 shares during the quarter. Farther Finance Advisors LLC owned about 0.06% of REX FANG & Innovation Equity Premium Income ETF worth $296,000 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.