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

Shares of REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) traded down 0.6% on Thursday . The stock traded as low as $48.99 and last traded at $49.58. 183,704 shares traded 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 stock has a market capitalization of $460.56 million, a P/E ratio of 43.97 and a beta of 1.06. The company has a 50 day simple moving average of $49.92 and a 200-day simple moving average of $50.73.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

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

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

A hedge fund recently raised its stake in REX FANG & Innovation Equity Premium Income ETF stock. Farther Finance Advisors LLC raised its position in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) by 42.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,966 shares of the company’s stock after buying 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.