Short Interest in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Decreases By 66.0%

InfraCap Equity Income Fund ETF (NYSEARCA:ICAPGet Free Report) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 14,248 shares, a drop of 66.0% from the January 29th total of 41,880 shares. Based on an average daily volume of 32,429 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 32,429 shares, the days-to-cover ratio is currently 0.4 days.

InfraCap Equity Income Fund ETF Stock Performance

NYSEARCA:ICAP traded down $0.43 during mid-day trading on Thursday, hitting $28.46. 16,998 shares of the company’s stock traded hands, compared to its average volume of 37,154. The company has a market cap of $90.23 million, a PE ratio of 19.06 and a beta of 1.02. InfraCap Equity Income Fund ETF has a 1 year low of $21.25 and a 1 year high of $29.32. The firm’s 50 day simple moving average is $28.61 and its 200 day simple moving average is $27.84.

InfraCap Equity Income Fund ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 26th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 10.1%.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

A hedge fund recently bought a new stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC acquired a new position in InfraCap Equity Income Fund ETF (NYSEARCA:ICAPFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned 0.38% of InfraCap Equity Income Fund ETF at the end of the most recent quarter.

About InfraCap Equity Income Fund ETF

(Get Free Report)

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.

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