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

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

InfraCap Equity Income Fund ETF Trading Up 0.6%

NYSEARCA ICAP traded up $0.18 during trading hours on Friday, hitting $28.37. 11,424 shares of the company’s stock traded hands, compared to its average volume of 30,802. InfraCap Equity Income Fund ETF has a 52 week low of $25.56 and a 52 week high of $29.32. The firm has a market capitalization of $116.32 million, a P/E ratio of 19.06 and a beta of 0.99. The business’s fifty day moving average price is $28.41 and its two-hundred day moving average price is $28.18.

Institutional Inflows and Outflows

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

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.