The REX Crypto Equity Premium Income ETF (NASDAQ:CEPI) experienced no price change during mid-day trading on Tuesday, holding steady at $35.37 after peaking at $35.50 earlier in the day. Trading volume saw a decrease, with approximately 23,054 shares exchanged, down 7% from the typical daily volume of 24,862 shares. The stock”s previous closing price was $35.36.
In terms of technical performance, the ETF maintains a 50-day moving average of $35.49 and a 200-day moving average of $38.84. The fund”s market capitalization stands at $87.01 million, exhibiting a price-to-earnings (P/E) ratio of 33.99 and a beta of 2.24, indicating a degree of volatility compared to the broader market.
Recently, the ETF announced a dividend distribution, with stockholders of record receiving a payment of $1.2327 on December 24th. The ex-dividend date was December 23rd, allowing investors a brief window to qualify for this payout.
Institutional interest in the REX Crypto Equity Premium Income ETF has grown, as evidenced by SBI Securities Co. Ltd. increasing its stake by an impressive 275.9% during the second quarter. The firm now holds 18,708 shares, following an acquisition of an additional 13,731 shares, representing approximately 1.26% of the ETF”s total value at around $754,000 based on the latest filings with the Securities and Exchange Commission (SEC).
The REX Crypto Equity Premium Income ETF is designed to invest primarily in equities related to cryptocurrencies and digital payment solutions. Actively managed, the fund aims to generate income through covered call options, while also seeking capital appreciation and flexibility to respond to changing market dynamics. Launched on December 4, 2024, it is issued by REX Shares.
As the cryptocurrency landscape continues to evolve, investors are keenly observing ETFs like CEPI that offer exposure to the digital asset sector through traditional equity markets.
