Short Interest in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Increases By 100.0%

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 58,442 shares, a growth of 100.0% from the April 15th total of 29,226 shares. Based on an average daily trading volume, of 18,187 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.7% of the company’s shares are short sold.

InfraCap Equity Income Fund ETF Stock Performance

Shares of NYSEARCA ICAP traded down $0.16 during midday trading on Monday, hitting $27.85. 40,202 shares of the company traded hands, compared to its average volume of 29,766. InfraCap Equity Income Fund ETF has a 12-month low of $24.42 and a 12-month high of $29.32. The stock has a 50-day moving average price of $27.53 and a 200 day moving average price of $27.91. The firm has a market cap of $97.48 million, a P/E ratio of 19.06 and a beta of 1.01.

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 stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned approximately 0.38% of InfraCap Equity Income Fund ETF as of its most recent SEC filing.

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.