Short Interest in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Rises By 326.0%

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 8,583 shares, a growth of 326.0% from the June 15th total of 2,015 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 47,580 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC boosted its stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,878 shares of the company’s stock after buying an additional 21,850 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.97% of InfraCap Equity Income Fund ETF worth $891,000 as of its most recent SEC filing.

InfraCap Equity Income Fund ETF Stock Performance

ICAP stock traded up $0.17 during midday trading on Friday, reaching $28.44. The company’s stock had a trading volume of 16,074 shares, compared to its average volume of 31,498. InfraCap Equity Income Fund ETF has a 1 year low of $25.56 and a 1 year high of $29.32. The firm has a market capitalization of $115.75 million, a price-to-earnings ratio of 19.06 and a beta of 0.99. The stock has a fifty day simple moving average of $28.40 and a two-hundred day simple moving average of $28.17.

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.