REX FANG & Innovation Equity Premium Income ETF (FEPI)Derivative Income | Exchange Traded Fund | NasdaqGM
42.10 USD
+0.14
(0.334%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 42.18 +0.08 (0.190%) ⇧ (Aug. 28, 2026, 7:56 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 3 a.m. EDT
The headline 3.67% yield is misleading; the fund's price has dropped nearly 10% year-to-date, meaning the actual return is barely above zero. The recent transition to weekly distributions likely exacerbates this drag by increasing transaction costs and tax inefficiency for taxable investors. While the underlying big-tech holdings are fundamentally sound, the strategy of selling call options against them has capped gains and eroded capital. Options data confirms this fear, with traders aggressively buying protection at lower strikes while ignoring upside potential. For a short-term trade, the momentum is neutral to slightly negative, and for the long term, the structural decline in price suggests the option-selling strategy is failing to generate enough alpha to offset the principal loss. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.036050 |
| AutoARIMA | 0.039559 |
| AutoETS | 0.040304 |
| MSTL | 0.046505 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 1.79 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.003 |
| Excess Kurtosis | 1.36 |
| Attribute | Value |
|---|---|
| Trailing P/E | 30.83 |
As of Aug. 22, 2026, 3 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest at strikes below the current price (38, 39, 40), while call activity remains thin and concentrated near the money. Implied volatility is significantly elevated for puts compared to calls, indicating a market pricing in downside risk rather than upside potential.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.48% | 23.89% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-26 | 0.200 | 0.481464 |
| 2026-08-19 | 0.205 | 0.492552 |
| 2026-08-12 | 0.203 | 0.485646 |
| 2026-08-05 | 0.195 | 0.471014 |
| 2026-07-29 | 0.192 | 0.505529 |
| 2026-07-22 | 0.198 | 0.479187 |
| 2026-07-15 | 0.203 | 0.479905 |
| 2026-07-08 | 0.206 | 0.492117 |
| 2026-07-01 | 0.209 | 0.490150 |
| 2026-06-24 | 0.205 | 0.491607 |
| 2026-06-17 | 0.213 | 0.493284 |
| 2026-06-10 | 0.213 | 0.495925 |
| 2026-06-03 | 0.225 | 0.491696 |
| 2026-05-27 | 0.222 | 0.485246 |
| 2026-04-22 | 0.904 | 2.111163 |
| 2026-03-25 | 0.868 | 2.131631 |
| 2026-02-25 | 0.883 | 2.107398 |
| 2026-01-28 | 0.955 | 2.141736 |
| 2025-12-24 | 0.984 | 2.139595 |
| 2025-11-25 | 0.959 | 2.145894 |
| 2025-10-29 | 1.041 | 2.138455 |
| 2025-09-24 | 0.997 | 2.143164 |
| 2025-08-27 | 0.975 | 2.139566 |
| 2025-07-23 | 0.971 | 2.133128 |
| 2025-06-25 | 0.962 | 2.135405 |
| 2025-05-28 | 0.926 | 2.146500 |
| 2025-04-23 | 0.824 | 2.081334 |
| 2025-03-26 | 0.944 | 2.185185 |
| 2025-02-26 | 0.981 | 2.127983 |
| 2025-01-29 | 1.046 | 2.152263 |
| 2024-12-24 | 1.083 | 2.118130 |
| 2024-11-26 | 1.097 | 2.137152 |
| 2024-10-24 | 1.078 | 2.124138 |
| 2024-09-26 | 1.092 | 2.132812 |
| 2024-08-27 | 1.079 | 2.141723 |
| 2024-07-26 | 1.089 | 2.119502 |
| 2024-06-25 | 1.150 | 2.119816 |
| 2024-05-23 | 1.161 | 2.147614 |
| 2024-04-23 | 1.093 | 2.105567 |
| 2024-03-26 | 1.189 | 2.143115 |
| 2024-02-26 | 1.186 | 2.130411 |
| 2024-01-24 | 1.195 | 2.124822 |
| 2023-12-26 | 1.178 | 2.132127 |
| 2023-11-27 | 1.150 | 2.129708 |
| Attribute | Value |
|---|---|
| All Time High | 57.29 |
| All Time Low | 35.44 |
| Ask | 41.58 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 127,270 |
| Average Daily Volume3 Month | 193,700 |
| Average Volume | 193,700 |
| Average Volume10Days | 127,270 |
| Beta3 Year | 0.0 |
| Bid | 41.33 |
| Bid Size | 2 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 42.49 |
| Day Low | 41.9 |
| Dividend Yield | 3.67 |
| Eps Trailing Twelve Months | 1.3657019 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 41.61572 |
| Fifty Day Average Change | 0.48427963 |
| Fifty Day Average Change Percent | 0.01163694 |
| Fifty Two Week Change Percent | -7.2502193 |
| Fifty Two Week High | 49.68 |
| Fifty Two Week High Change | -7.580002 |
| Fifty Two Week High Change Percent | -0.15257652 |
| Fifty Two Week Low | 37.9 |
| Fifty Two Week Low Change | 4.199997 |
| Fifty Two Week Low Change Percent | 0.11081786 |
| Fifty Two Week Range | 37.9 - 49.68 |
| First Trade Date Milliseconds | 1,697,031,000,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 0.139999 |
| Fullday Change Percent | 0.33365 |
| Fullday Price | 42.18 |
| Fund Family | Rex |
| Fund Inception Date | 1,696,982,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,023-10-11 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange-traded fund (“ETF”) that seeks current income while maintaining the opportunity for exposure to the share price (i.e., the price returns) of the securities of the companies comprising the Solactive FANG Innovation Index. The fund advisor seeks to employ the fund's investment strategy regardless of whether there are periods of adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. It is non-diversified. |
| Long Name | REX FANG & Innovation Equity Premium Income ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1843173608 |
| Nav Price | 41.49 |
| Net Assets | 655,099,580.0 |
| Net Expense Ratio | 0.65 |
| Open | 41.9 |
| Post Market Change | 0.08000183 |
| Post Market Change Percent | 0.19002812 |
| Post Market Price | 42.18 |
| Post Market Time | 1,787,961,379 |
| Previous Close | 41.96 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.13999939 |
| Regular Market Change Percent | 0.33364964 |
| Regular Market Day High | 42.49 |
| Regular Market Day Low | 41.9 |
| Regular Market Day Range | 41.9 - 42.49 |
| Regular Market Open | 41.9 |
| Regular Market Previous Close | 41.96 |
| Regular Market Price | 42.1 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 331,912 |
| Short Name | REX FANG & Innovation Equity Pr |
| Source Interval | 15 |
| Symbol | FEPI |
| Total Assets | 655,099,584 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 30.826637 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -3.14031 |
| Trailing Three Month Returns | -3.14031 |
| Triggerable | 1 |
| Two Hundred Day Average | 43.327835 |
| Two Hundred Day Average Change | -1.2278366 |
| Two Hundred Day Average Change Percent | -0.028338287 |
| Type Disp | ETF |
| Volume | 331,912 |
| Yield | 0.0367 |
| Ytd Return | -0.32044 |