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1D
1W
1M
3M
6M
YTD
1Y
2Y
5Y
ALL
AUM
$594371048
P/E ratio
29.6
Dividend yield
26.3668%
Expense ratio
0.65%
Beta
1.051189
Previous close
$41.20
Today's open
$41.26
Day's range
$41.17 - $42.22
52 week range
$35.44 - $50.30
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Headquarters
US
Exchange
NASDAQ Global Market
Issue type
Exchange-Traded Fund
Equities
Domestic
Large-Cap
Blend
8.14%
NVDA
Nvidia Corp.
6.86%
I've Never Been More Bullish On Covered Call ETFs Than Now (But With One Caveat)
The market seems to be increasingly punctuated by notable volatility spikes, while the broad indices (and AI names) struggle to justify their valuations. This is the necessary setup for covered call ETFs to come in and shine. However, there is a huge caveat (not that visible risk), which, if not properly considered, might lead covered call investors to be disappointed.
Seeking Alpha • Feb 1, 2026

Want AI Exposure But Fear The Bubble? Focus On Income
Recent volatility in AI-focused equities like Nvidia, CrowdStrike, and Palantir signals heightened geopolitical risks and investor de-risking. Capital is rotating from mega-cap AI stocks into small-caps, value, high-quality dividends, REITs, BDCs, and energy sectors. I see AI's long-term secular trend as compelling, but current valuations in major indices make direct exposure uncomfortable.
Seeking Alpha • Jan 22, 2026

Why Letter 'L' Is The Biggest Risk For Covered Call ETF Income
Covered call ETFs play an increasingly more important role for income investors and their cash flows. These products come with several risks, but most of them should be acceptable for those who seek sustainable income. Yet, the key risk is an L-shaped sell-off, which might lead to a serious impairment of both NAV and current income.
Seeking Alpha • Jan 20, 2026

FEPI Somehow Gives You 25% Income Off Big Tech Stocks That Hardly Pay Dividends
REX FANG & Innovation Equity Premium Income ETF ( NYSEARCA:FEPI ) delivers a 25% annual distribution from tech stocks that barely pay dividends.
24/7 Wall Street • Jan 9, 2026

Undercovered Dozen: Canadian Natural Resources, Duke Energy, PennyMac Mortgage And More
This week's Undercovered Dozen highlights 12 lesser-followed stocks and funds, each with distinct catalysts or value opportunities. This week's edition covers articles published between Dec. 12 and Dec. 18, offering fresh investment ideas. The series aims to inspire discussion and help investors discover overlooked opportunities in the market.
Seeking Alpha • Dec 22, 2025

FEPI: High Tech, High Income, Both Good Things For 2026
REX FANG & Innovation Equity Premium Income ETF offers a 25% annual distribution rate via a covered call strategy on the 'Magnificent 15' innovation stocks. FEPI's high income comes at the cost of capped upside, with lagging performance versus uncovered indexes, but provides high monthly distributions. The fund maintains equal-weighted, US-based large- and mega-cap holdings, with a heavy tilt toward technology and communication services.
Seeking Alpha • Dec 12, 2025

REX Shares Soars With New DRNZ Drone & UAV ETF
On Wednesday, REX Shares expanded its lineup of alternative ETF investment solutions with the release of the REX Drone ETF (DRNZ). REX Shares notes that DRNZ is the first fund to offer pure-play exposure to the global drone and unmanned aerial vehicle (UAV) market.
ETF Trends • Oct 29, 2025

FEPI: Rare Moment When 25%+ Yield Is Suitable For Durable Income Investors
REX FANG & Innovation Equity Premium Income ETF offers a yield of ~25%. Optically, this looks like a value trap or covered call ETF with a clear NAV erosion dynamic. Yet, as I detail it in the article, FEPI is different.
Seeking Alpha • Oct 4, 2025

31 Ideal 'Safer' Monthly Paying September Dividend Stocks And 80 Funds
Imagine stocks and funds paying you dividends monthly! Your angst awaiting dividend payout is reduced 300%, or more, compared to quarterly, semi-annual, or (ugh) annual doles! September U.S. exchange-traded-monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks-by-yield (77); 2. Stocks-by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >10% (80); 4. ‘Safer' Ideal-Dividend-Equities by Cash Flow Margins (31). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. 5. Safer Equity Rankings All per prices as of 8/29/25.
Seeking Alpha • Sep 4, 2025

FEPI: Tax-Efficient Income From A Buy-And-Hold Option ETF
FEPI offers a compelling 25% yield with monthly distributions, making it attractive for income-focused investors seeking lower volatility and capital preservation. The ETF's strategy of holding common shares and writing OTM options allows for some growth participation while limiting capital erosion compared to synthetic peers. FEPI's distributions are tax-efficient, primarily classified as return of capital, helping investors defer taxes and potentially recover their initial investment within four years.
Seeking Alpha • Sep 3, 2025

¹ Disclosures

Open an M1 investment account to buy and sell REX FANG & Innovation Equity Premium Income ETF commission-free¹. Build wealth for the long term using automated trading and transfers.