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

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 40,860 shares, a growth of 208.4% from the August 31st total of 13,249 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 18,728 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

A hedge fund recently raised its stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC increased its stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% in the 1st quarter, according to its most recent 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 0.97% of InfraCap Equity Income Fund ETF worth $891,000 as of its most recent filing with the SEC.

InfraCap Equity Income Fund ETF Stock Performance

ICAP traded down $0.13 during trading hours on Friday, reaching $27.95. The company’s stock had a trading volume of 9,873 shares, compared to its average volume of 29,074. The company’s 50-day moving average is $28.62 and its 200-day moving average is $28.19. InfraCap Equity Income Fund ETF has a 52 week low of $25.56 and a 52 week high of $29.86. The firm has a market cap of $119.63 million, a PE ratio of 19.06 and a beta of 0.99.

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.