InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Sees Large Growth in Short Interest

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 34,495 shares, a growth of 301.9% from the June 30th total of 8,583 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 25,254 shares, the days-to-cover ratio is currently 1.4 days.

InfraCap Equity Income Fund ETF Price Performance

ICAP opened at $28.35 on Tuesday. The business’s 50-day moving average is $28.42 and its two-hundred day moving average is $28.18. InfraCap Equity Income Fund ETF has a 1 year low of $25.56 and a 1 year high of $29.32. The firm has a market capitalization of $116.23 million, a PE ratio of 19.06 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC increased its position in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,878 shares of the company’s stock after acquiring an additional 21,850 shares during the quarter. Janney Montgomery Scott LLC owned about 0.97% of InfraCap Equity Income Fund ETF worth $891,000 as of its most recent SEC filing.

About InfraCap Equity Income Fund ETF

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.