REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) shares 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 company has a 50-day simple moving average of $51.51 and a 200 day simple moving average of $52.45. The company has a market cap of $407.63 million, a P/E ratio of 43.97 and a beta of 1.06.

REX FANG & Innovation Equity Premium Income ETF Announces Dividend

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

Hedge Funds Weigh In On 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 increased its position in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) by 93.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.05% of REX FANG & Innovation Equity Premium Income ETF worth $214,000 as of its most recent SEC filing.

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.