InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Sees Significant Increase in Short Interest

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 58,442 shares, an increase of 100.0% from the April 15th total of 29,226 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 18,187 shares, the days-to-cover ratio is currently 3.2 days.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

An institutional investor recently bought a new position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC acquired a new position in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned about 0.38% of InfraCap Equity Income Fund ETF at the end of the most recent reporting period.

InfraCap Equity Income Fund ETF Stock Down 1.4%

Shares of InfraCap Equity Income Fund ETF stock traded down $0.40 on Friday, hitting $28.01. 95,004 shares of the company’s stock traded hands, compared to its average volume of 29,654. The stock has a market cap of $98.04 million, a P/E ratio of 19.06 and a beta of 1.01. The firm’s 50-day moving average is $27.53 and its 200 day moving average is $27.91. InfraCap Equity Income Fund ETF has a 52-week low of $24.42 and a 52-week high of $29.32.

InfraCap Equity Income Fund ETF Company Profile

The InfraCap Equity Income Fund ETF (ICAP) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to provide exposure to global stocks that pay dividends during normal market conditions. The fund seeks to maximize income and pursue total return. ICAP was launched on Dec 29, 2021 and is managed by InfraCap.