REX FANG & Innovation Equity Premium Income ETF (FEPI)Derivative Income | Exchange Traded Fund | NasdaqGM
42.08 USD
-0.99
(-2.300%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 10:42 a.m. EDT
The headline 25% yield is a misleading metric for this income ETF; it masks the reality that the fund generates returns primarily by selling expensive call options on volatile tech stocks, which caps upside potential while exposing the holder to full downside risk. The options data confirms this defensive posture, with traders aggressively buying deep out-of-the-money puts to hedge against a crash, while call activity remains sparse. Fundamentally, the asset lacks the multi-year price history required to assess its long-term trajectory, and the statistical forecast model shows no directional bias, suggesting the current price is in equilibrium despite the aggressive hedging. The transition to weekly distributions may provide more frequent cash flow, but it does not alter the core risk profile of an equity premium income strategy operating in a high-volatility environment. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.057091 |
| AutoETS | 0.058243 |
| AutoARIMA | 0.058243 |
| AutoTheta | 0.062159 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 2.40 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 3.36 |
| Attribute | Value |
|---|---|
| Trailing P/E | 26.69 |
As of Oct. 10, 2026, 10:42 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive out-of-the-money put open interest (91% of total volume) compared to negligible call activity. Implied volatility is significantly elevated for puts (58% vs 36% for calls), indicating a fear premium rather than a bullish expectation. The distribution of strikes suggests hedging against a drop to the $38-$40 range is the dominant strategy.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.50% | 25.17% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-10-14 | 0.209 | 0.496673 |
| 2026-10-07 | 0.211 | 0.484056 |
| 2026-09-30 | 0.207 | 0.483193 |
| 2026-09-23 | 0.210 | 0.487465 |
| 2026-09-16 | 0.204 | 0.488740 |
| 2026-09-09 | 0.206 | 0.484934 |
| 2026-09-02 | 0.205 | 0.489962 |
| 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 | 247,300 |
| Average Daily Volume3 Month | 196,432 |
| Average Volume | 196,432 |
| Average Volume10Days | 247,300 |
| 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 | 43.025 |
| Day Low | 41.96 |
| Display Name | FANG & Innov Eq Premium ETF |
| Dividend Yield | 1.02 |
| Eps Trailing Twelve Months | 1.5765121 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 42.41972 |
| Fifty Day Average Change | -0.33971786 |
| Fifty Day Average Change Percent | -0.008008489 |
| Fifty Two Week Change Percent | -10.790759 |
| Fifty Two Week High | 49.68 |
| Fifty Two Week High Change | -7.5999985 |
| Fifty Two Week High Change Percent | -0.15297903 |
| Fifty Two Week Low | 37.9 |
| Fifty Two Week Low Change | 4.1800003 |
| Fifty Two Week Low Change Percent | 0.110290244 |
| Fifty Two Week Range | 37.9 - 49.68 |
| First Trade Date Milliseconds | 1,697,031,000,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -0.41999817 |
| Fullday Change Percent | -0.9983318 |
| Fullday Price | 41.65 |
| 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 | 43.28 |
| Net Assets | 720,601,920.0 |
| Net Expense Ratio | 0.65 |
| Open | 42.88 |
| Pre Market Change | -0.41999817 |
| Pre Market Change Percent | -0.9983318 |
| Pre Market Price | 41.65 |
| Pre Market Time | 1,792,062,340 |
| Previous Close | 43.0706 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.9905968 |
| Regular Market Change Percent | -2.2999372 |
| Regular Market Day High | 43.025 |
| Regular Market Day Low | 41.96 |
| Regular Market Day Range | 41.96 - 43.025 |
| Regular Market Open | 42.88 |
| Regular Market Previous Close | 43.0706 |
| Regular Market Price | 42.08 |
| Regular Market Time | 1,792,008,000 |
| Regular Market Volume | 329,956 |
| Short Name | REX FANG & Innovation Equity Pr |
| Source Interval | 15 |
| Symbol | FEPI |
| Three Year Average Return | 0.20700198 |
| Total Assets | 720,601,920 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 26.691835 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 5.80172 |
| Trailing Three Month Returns | 5.80172 |
| Triggerable | 1 |
| Two Hundred Day Average | 42.790627 |
| Two Hundred Day Average Change | -0.7106247 |
| Two Hundred Day Average Change Percent | -0.016607018 |
| Type Disp | ETF |
| Volume | 329,956 |
| Yield | 0.010199999 |
| Ytd Return | 12.17514 |