InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Short Interest Up 45.4% in February

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 20,721 shares, a growth of 45.4% from the February 12th total of 14,248 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 23,581 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 23,581 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the shares of the stock are sold short.

InfraCap Equity Income Fund ETF Stock Down 0.2%

NYSEARCA ICAP traded down $0.05 on Friday, reaching $26.63. 10,713 shares of the stock traded hands, compared to its average volume of 34,482. InfraCap Equity Income Fund ETF has a 12 month low of $21.25 and a 12 month high of $29.32. The company has a market cap of $84.42 million, a price-to-earnings ratio of 19.06 and a beta of 1.02. The firm’s fifty day simple moving average is $28.47 and its 200 day simple moving average is $27.88.

InfraCap Equity Income Fund ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 10.8%.

Institutional Investors Weigh In On InfraCap Equity Income Fund ETF

A hedge fund recently bought a new stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC purchased a new stake in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned about 0.38% of InfraCap Equity Income Fund ETF at the end of the most recent quarter.

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.