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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC acquired a new stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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.

InfraCap Equity Income Fund ETF Stock Up 0.6%

NYSEARCA:ICAP traded up $0.18 during mid-day trading on Friday, hitting $28.37. 11,424 shares of the company traded hands, compared to its average volume of 30,802. The stock’s fifty day moving average price is $28.41 and its 200-day moving average price is $28.18. InfraCap Equity Income Fund ETF has a one year low of $25.56 and a one year high of $29.32. The firm has a market cap of $116.32 million, a price-to-earnings ratio of 19.06 and a beta of 0.99.

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.