InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Short Interest Update

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 11,849 shares, a drop of 65.7% from the July 15th total of 34,495 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 24,369 shares, the short-interest ratio is presently 0.5 days.

InfraCap Equity Income Fund ETF Trading Up 0.1%

NYSEARCA:ICAP traded up $0.02 during midday trading on Friday, reaching $29.69. The company had a trading volume of 16,319 shares, compared to its average volume of 30,685. InfraCap Equity Income Fund ETF has a 12-month low of $25.56 and a 12-month high of $29.86. The firm has a market capitalization of $124.10 million, a price-to-earnings ratio of 19.06 and a beta of 0.99. The stock’s fifty day simple moving average is $28.51 and its 200-day simple moving average is $28.19.

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 shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,878 shares of the company’s stock after buying an additional 21,850 shares during the period. Janney Montgomery Scott LLC owned about 0.97% of InfraCap Equity Income Fund ETF worth $891,000 at the end of the most recent reporting period.

About InfraCap Equity Income Fund ETF

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.