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

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

Hedge Funds 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 acquired a new position in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 filing with the Securities & Exchange Commission.

InfraCap Equity Income Fund ETF Stock Performance

Shares of InfraCap Equity Income Fund ETF stock opened at $27.85 on Tuesday. InfraCap Equity Income Fund ETF has a one year low of $24.42 and a one year high of $29.32. The company has a market cap of $97.48 million, a PE ratio of 19.06 and a beta of 1.01. The business has a 50-day simple moving average of $27.53 and a 200-day simple moving average of $27.91.

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.