REX FANG & Innovation Equity Premium Income ETF (FEPI)Derivative Income | Exchange Traded Fund | NasdaqGM
42.44 USD
+0.48
(1.144%)
⇧
(July 14, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:06 a.m. EDT
The headline '25% yield' is a dangerous distraction masking a severe structural decline. The fund has lost nearly 18% of its value in just one year, dragging down the price of the underlying big-tech holdings. While the distribution amount remains robust due to the call-writing strategy, the capital preservation aspect is failing; the asset is trading well below its 200-day average, confirming a downtrend. The options market is screaming caution, with traders buying deep out-of-the-money puts to hedge against further collapse, while call activity is virtually non-existent. This is a classic value trap where income is generated at the expense of principal, making it unsuitable for long-term holding. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.026453 |
| MSTL | 0.028869 |
| AutoETS | 0.029103 |
| AutoARIMA | 0.029125 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 52% |
| H-stat | 3.49 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.372 |
| Excess Kurtosis | -1.00 |
| Attribute | Value |
|---|---|
| Trailing P/E | 32.63 |
As of July 11, 2026, 4:06 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 38-42) compared to negligible call volume. Implied volatility is significantly elevated for near-term expiration, particularly for puts, indicating a market expectation of a sharp drop or a 'crash' scenario rather than a rally.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.49% | 24.77% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 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 | 42.6 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 160,070 |
| Average Daily Volume3 Month | 206,980 |
| Average Volume | 206,980 |
| Average Volume10Days | 160,070 |
| Beta3 Year | 0.0 |
| Bid | 42.33 |
| Bid Size | 1 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 42.6103 |
| Day Low | 42.02 |
| Dividend Yield | 1.76 |
| Eps Trailing Twelve Months | 1.3004992 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 43.92652 |
| Fifty Day Average Change | -1.4865227 |
| Fifty Day Average Change Percent | -0.03384112 |
| Fifty Two Week Change Percent | -9.103507 |
| Fifty Two Week High | 49.68 |
| Fifty Two Week High Change | -7.2400017 |
| Fifty Two Week High Change Percent | -0.14573272 |
| Fifty Two Week Low | 37.9 |
| Fifty Two Week Low Change | 4.539997 |
| Fifty Two Week Low Change Percent | 0.11978884 |
| Fifty Two Week Range | 37.9 - 49.68 |
| First Trade Date Milliseconds | 1,697,031,000,000 |
| Full Exchange Name | NasdaqGM |
| 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 | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1843173608 |
| Nav Price | 42.43 |
| Net Assets | 683,570,820.0 |
| Net Expense Ratio | 0.65 |
| Open | 42.3 |
| Pre Market Change | 0.2800026 |
| Pre Market Change Percent | 0.6597611 |
| Pre Market Price | 42.72 |
| Pre Market Time | 1,784,110,679 |
| Previous Close | 41.96 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.47999954 |
| Regular Market Change Percent | 1.1439456 |
| Regular Market Day High | 42.6103 |
| Regular Market Day Low | 42.02 |
| Regular Market Day Range | 42.02 - 42.6103 |
| Regular Market Open | 42.3 |
| Regular Market Previous Close | 41.96 |
| Regular Market Price | 42.44 |
| Regular Market Time | 1,784,059,201 |
| Regular Market Volume | 151,765 |
| Short Name | REX FANG & Innovation Equity Pr |
| Source Interval | 15 |
| Symbol | FEPI |
| Total Assets | 683,570,816 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 32.63362 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 12.95999 |
| Trailing Three Month Returns | 12.95999 |
| Triggerable | 1 |
| Two Hundred Day Average | 44.37351 |
| Two Hundred Day Average Change | -1.9335098 |
| Two Hundred Day Average Change Percent | -0.043573517 |
| Type Disp | ETF |
| Volume | 151,765 |
| Yield | 0.0176 |
| Ytd Return | 4.99364 |