Short Interest in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Declines By 79.4%

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,015 shares, a drop of 79.4% from the May 31st total of 9,794 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 30,370 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On InfraCap Equity Income Fund ETF

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

InfraCap Equity Income Fund ETF Price Performance

Shares of ICAP traded down $0.14 during mid-day trading on Monday, reaching $28.13. The company had a trading volume of 18,546 shares, compared to its average volume of 31,804. The company has a market capitalization of $98.45 million, a P/E ratio of 19.06 and a beta of 0.99. InfraCap Equity Income Fund ETF has a twelve month low of $25.56 and a twelve month high of $29.32. The company’s 50-day moving average is $28.48 and its 200-day moving average is $28.15.

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.