InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Sees Large Growth in Short Interest

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 30,890 shares, an increase of 257.8% from the October 15th total of 8,634 shares. Based on an average daily volume of 23,294 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the shares of the company are short sold.

InfraCap Equity Income Fund ETF Stock Performance

Shares of NYSEARCA:ICAP traded down $0.02 during trading hours on Thursday, hitting $25.80. The stock had a trading volume of 8,287 shares, compared to its average volume of 27,910. The stock’s fifty day simple moving average is $27.18 and its 200 day simple moving average is $27.99. InfraCap Equity Income Fund ETF has a 1-year low of $24.30 and a 1-year high of $29.86. The firm has a market capitalization of $110.42 million, a price-to-earnings ratio of 19.20 and a beta of 1.00.

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.