InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Short Interest Up 131.4% in January

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 41,304 shares, a growth of 131.4% from the December 31st total of 17,850 shares. Based on an average daily trading volume, of 48,966 shares, the short-interest ratio is presently 0.8 days. Approximately 1.3% of the shares of the stock are sold short. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,966 shares, the short-interest ratio is presently 0.8 days.

InfraCap Equity Income Fund ETF Trading Down 0.4%

Shares of NYSEARCA:ICAP traded down $0.12 on Friday, hitting $28.57. The company had a trading volume of 60,480 shares, compared to its average volume of 45,764. The company has a market cap of $88.57 million, a PE ratio of 19.06 and a beta of 1.02. InfraCap Equity Income Fund ETF has a 52-week low of $21.25 and a 52-week high of $29.30. The business has a 50 day moving average of $28.27 and a 200 day moving average of $27.61.

InfraCap Equity Income Fund ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

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.