InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Short Interest Down 81.8% in May

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 10,627 shares, a decrease of 81.8% from the April 30th total of 58,442 shares. Based on an average daily volume of 33,465 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

InfraCap Equity Income Fund ETF Stock Up 0.2%

ICAP traded up $0.07 on Friday, reaching $28.68. The company’s stock had a trading volume of 78,003 shares, compared to its average volume of 30,505. The stock has a 50 day moving average of $27.78 and a two-hundred day moving average of $28.00. The company has a market capitalization of $100.38 million, a price-to-earnings ratio of 19.06 and a beta of 1.01. InfraCap Equity Income Fund ETF has a fifty-two week low of $24.42 and a fifty-two week high of $29.32.

Institutional Investors Weigh In On InfraCap Equity Income Fund ETF

An institutional investor recently bought a new position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 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.