REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Short Interest Up 36.2% in March

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 30,500 shares, a growth of 36.2% from the March 15th total of 22,400 shares. Based on an average daily trading volume, of 183,100 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

REX FANG & Innovation Equity Premium Income ETF Stock Down 0.2 %

Shares of FEPI traded down $0.07 during mid-day trading on Friday, reaching $39.14. The company had a trading volume of 68,136 shares, compared to its average volume of 164,722. The stock has a market capitalization of $400.40 million, a P/E ratio of 33.49 and a beta of 1.06. REX FANG & Innovation Equity Premium Income ETF has a 52-week low of $35.44 and a 52-week high of $56.44. The stock has a 50 day moving average of $43.46 and a two-hundred day moving average of $48.35.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 26th were paid a $0.9437 dividend. The ex-dividend date was Wednesday, March 26th.

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

A hedge fund recently bought a new stake in REX FANG & Innovation Equity Premium Income ETF stock. Janney Montgomery Scott LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,819 shares of the company’s stock, valued at approximately $201,000.

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.