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

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw a significant growth in short interest in the month of 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. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 48,966 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 48,966 shares, the short-interest ratio is currently 0.8 days. Approximately 1.3% of the company’s stock are short sold.

InfraCap Equity Income Fund ETF Stock Performance

Shares of ICAP stock traded down $0.12 on Friday, hitting $28.57. The stock had a trading volume of 60,480 shares, compared to its average volume of 45,764. The stock’s 50 day moving average is $28.27 and its 200-day moving average is $27.61. The firm has a market capitalization of $88.57 million, a price-to-earnings 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.

InfraCap Equity Income Fund ETF Cuts Dividend

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

About InfraCap Equity Income Fund ETF

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.