InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Short Interest Update

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 11,849 shares, a drop of 65.7% from the July 15th total of 34,495 shares. Based on an average daily volume of 24,369 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

InfraCap Equity Income Fund ETF Stock Up 0.0%

NYSEARCA:ICAP traded up $0.01 during trading hours on Friday, hitting $29.68. 16,388 shares of the company traded hands, compared to its average volume of 30,697. The firm’s 50-day simple moving average is $28.54 and its 200-day simple moving average is $28.20. InfraCap Equity Income Fund ETF has a one year low of $25.56 and a one year high of $29.86. The company has a market cap of $124.06 million, a PE ratio of 19.06 and a beta of 0.99.

Institutional Investors Weigh In On InfraCap Equity Income Fund ETF

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

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.