InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Sees Significant Increase in Short Interest

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 41,304 shares, an increase of 131.4% from the December 31st total of 17,850 shares. Based on an average daily volume of 48,966 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.3% of the company’s stock are sold short. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 48,966 shares, the days-to-cover ratio is currently 0.8 days.

InfraCap Equity Income Fund ETF Stock Down 0.4%

Shares of ICAP traded down $0.12 during trading on Friday, reaching $28.57. The company’s stock 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 price-to-earnings ratio of 19.06 and a beta of 1.02. The company has a fifty day moving average of $28.27 and a two-hundred day moving average of $27.61. InfraCap Equity Income Fund ETF has a twelve month low of $21.25 and a twelve month high of $29.30.

InfraCap Equity Income Fund ETF Cuts Dividend

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

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.