REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Shares Up 0.7% – Here’s What Happened

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) shares rose 0.7% during trading on Wednesday . The company traded as high as $50.95 and last traded at $50.73. Approximately 188,757 shares changed hands during trading, an increase of 11% from the average daily volume of 169,655 shares. The stock had previously closed at $50.36.

REX FANG & Innovation Equity Premium Income ETF Trading Up 0.7 %

The business’s fifty day simple moving average is $50.99 and its 200 day simple moving average is $51.29. The stock has a market cap of $453.02 million, a price-to-earnings ratio of 43.97 and a beta of 1.06.

REX FANG & Innovation Equity Premium Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were issued a dividend of $1.0832 per share. The ex-dividend date of this dividend was Tuesday, December 24th.

Hedge Funds 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. Beck Capital Management LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 56,448 shares of the company’s stock, valued at approximately $2,895,000. Beck Capital Management LLC owned about 0.72% of REX FANG & Innovation Equity Premium Income ETF as of its most recent filing with the Securities and Exchange Commission.

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.