REX Crypto Equity Premium Income ETF (CEPI)Derivative Income | Exchange Traded Fund | NasdaqGM
33.08 USD
+0.58
(1.779%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 33.17 +0.09 (0.278%) ⇧ (April 17, 2026, 7:36 p.m. EDT) Short-term: ★★★★☆ | Long-term: ★★★☆☆ | Dividends: ★★★★★ |
Hot Take | April 19, 2026, 12:35 a.m. EDT
CEPI is a high-yield trap that masquerades as momentum momentum. With a 55% yield derived from a covered call strategy on crypto equities, the 5-year dividend history confirms consistent quarterly payouts, but the low short-term forecast (-0.08%) and the massive put open interest at September strikes (42.0, 44.0) suggest that while income is king right now, the fundamental equity exposure is being heavily hedged against a crash. The 5DMA is above the 20D, offering a slight technical updraft, but the heavy OTM put umbrella implies the underlying assets are priced for volatility or protection, making this a 'sell dividend, keep losing principal' play for the long term, but a decent hold for the quarterly payout. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.058964 |
| AutoETS | 0.060696 |
| AutoTheta | 0.060709 |
| AutoARIMA | 0.060884 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 67% |
| H-stat | 1.43 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.572 |
| Excess Kurtosis | 0.77 |
| Attribute | Value |
|---|---|
| Trailing P/E | 28.09 |
As of April 19, 2026, 12:35 a.m. EDT: Speculator positioning shows classic covered call/premium income architecture rather than directional momentum betting. ATM call IV (1.86) significantly exceeds put IV (0.95) for the April 17 expiration, with notable new volume at the 30.0 and 35.0 strikes, indicating a bullish bias or a strategy to sell premiums above current prices. Conversely, massive put open interest (>70 contracts) is aggregated deep out-of-the-money at strikes 42.0, 44.0, and 22.0 for the September 18 expiration. This lower-term vs. higher-term IV skew suggests sellers are comfortable hedging upside moves immediately but are utilizing far-dated OTM puts to create an expensive floor around the current price level. The net signal is a passive income strategy with a neutral-to-slightly-bullish short-term view.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 3.59% | 52.76% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-24 | 1.064 | 3.593259 |
| 2026-02-24 | 1.114 | 3.714813 |
| 2026-01-27 | 1.252 | 3.868477 |
| 2025-12-23 | 1.233 | 3.989688 |
| 2025-11-26 | 1.228 | 4.061006 |
| 2025-10-28 | 1.496 | 4.242615 |
| 2025-09-23 | 1.439 | 4.448992 |
| 2025-08-26 | 1.414 | 4.606554 |
| 2025-07-29 | 1.456 | 4.845332 |
| 2025-06-24 | 1.380 | 4.828494 |
| 2025-05-29 | 1.388 | 5.234187 |
| 2025-04-29 | 1.329 | 5.322258 |
| 2025-03-25 | 1.459 | 5.564119 |
| 2025-02-25 | 1.578 | 5.985036 |
| 2025-01-28 | 1.698 | 5.910961 |
| Attribute | Value |
|---|---|
| All Time High | 52.16 |
| All Time Low | 26.981 |
| Ask | 42.21 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 27,030 |
| Average Daily Volume3 Month | 40,348 |
| Average Volume | 40,348 |
| Average Volume10Days | 27,030 |
| Beta3 Year | 0.0 |
| Bid | 23.58 |
| Bid Size | 2 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 33.1624 |
| Day Low | 32.697 |
| Dividend Yield | 55.43 |
| Eps Trailing Twelve Months | 1.1777177 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 30.84254 |
| Fifty Day Average Change | 2.2356606 |
| Fifty Day Average Change Percent | 0.07248627 |
| Fifty Two Week Change Percent | -4.5643387 |
| Fifty Two Week High | 43.7 |
| Fifty Two Week High Change | -10.621799 |
| Fifty Two Week High Change Percent | -0.24306177 |
| Fifty Two Week Low | 26.981 |
| Fifty Two Week Low Change | 6.0972004 |
| Fifty Two Week Low Change Percent | 0.22598125 |
| Fifty Two Week Range | 26.981 - 43.7 |
| First Trade Date Milliseconds | 1,733,322,600,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | REX Advisers, LLC |
| Fund Inception Date | 1,733,184,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,024-12-04 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund, under normal market conditions, invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies comprising the BITA Crypto Assets & Digital Payments Index. The index is a rules-based composite index that tracks the market performance of 25 companies, listed on regulated exchanges based in the U.S., that are actively engaged in crypto-related activities. The fund is non-diversified. |
| Long Name | REX Crypto Equity Premium Income ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1896644723 |
| Nav Price | 33.0634 |
| Net Assets | 80,915,232.0 |
| Net Expense Ratio | 0.85 |
| Open | 32.96 |
| Post Market Change | 0.091796875 |
| Post Market Change Percent | 0.27751473 |
| Post Market Price | 33.17 |
| Post Market Time | 1,776,468,961 |
| Previous Close | 32.5 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.5782013 |
| Regular Market Change Percent | 1.7790809 |
| Regular Market Day High | 33.1624 |
| Regular Market Day Low | 32.697 |
| Regular Market Day Range | 32.697 - 33.1624 |
| Regular Market Open | 32.96 |
| Regular Market Previous Close | 32.5 |
| Regular Market Price | 33.0782 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 22,127 |
| Short Name | REX Crypto Equity Premium Incom |
| Source Interval | 15 |
| Symbol | CEPI |
| Total Assets | 80,915,232 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 28.086699 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -5.72308 |
| Trailing Three Month Returns | -5.72308 |
| Triggerable | 1 |
| Two Hundred Day Average | 36.56284 |
| Two Hundred Day Average Change | -3.4846382 |
| Two Hundred Day Average Change Percent | -0.09530546 |
| Type Disp | ETF |
| Volume | 22,127 |
| Yield | 0.5543 |
| Ytd Return | -5.72308 |