REX FANG & Innovation Equity Premium Income ETF maintains a buy rating, but it only makes sense to accumulate on market weakness. FEPI delivers a 25% yield via weekly payouts, but its covered call strategy limits upside and exposes investors to inevitable NAV erosion in downturns. FEPI's high income is attractive for income-focused investors, yet its structure underperforms peers and growth ETFs during sustained rallies.
FEPI: Shift To Weekly Dividends Don't Change Hard Truths
Source: Seeking Alpha