REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Stock Price Down 0.6% – Here’s Why

Shares of REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) fell 0.6% on Thursday . The company traded as low as $48.99 and last traded at $49.58. 183,704 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 177,868 shares. The stock had previously closed at $49.89.

REX FANG & Innovation Equity Premium Income ETF Price Performance

The firm has a market capitalization of $460.56 million, a P/E ratio of 43.97 and a beta of 1.06. The stock has a fifty day simple moving average of $49.92 and a two-hundred day simple moving average of $50.73.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 30th. Shareholders of record on Wednesday, January 29th were issued a $1.0456 dividend. The ex-dividend date of this dividend was Wednesday, January 29th.

Institutional Investors 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 holdings 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 Form 13F filing with the SEC. The institutional investor owned 4,177 shares of the company’s stock after purchasing an additional 2,017 shares during the quarter. Farther Finance Advisors LLC owned about 0.05% of REX FANG & Innovation Equity Premium Income ETF worth $214,000 at the end of the most recent quarter.

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.