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

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 2,015 shares, a drop of 79.4% from the May 31st total of 9,794 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 30,370 shares, the short-interest ratio is presently 0.1 days.

InfraCap Equity Income Fund ETF Price Performance

Shares of InfraCap Equity Income Fund ETF stock traded down $0.06 on Friday, reaching $28.27. 33,667 shares of the company were exchanged, compared to its average volume of 31,917. InfraCap Equity Income Fund ETF has a 1-year low of $25.56 and a 1-year high of $29.32. The company has a market cap of $98.94 million, a P/E ratio of 19.06 and a beta of 0.99. The stock’s 50 day moving average price is $28.48 and its 200-day moving average price is $28.15.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

A hedge fund recently raised its position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC increased its position in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,878 shares of the company’s stock after purchasing an additional 21,850 shares during the period. Janney Montgomery Scott LLC owned 0.97% of InfraCap Equity Income Fund ETF worth $891,000 at the end of the most recent reporting period.

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.