InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Stock Short Interest Declines 87.3%

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,199 shares, a decline of 87.3% from the September 15th total of 40,860 shares. Based on an average daily volume of 25,196 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC boosted its position in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

InfraCap Equity Income Fund ETF Trading Up 1.2%

NYSEARCA ICAP traded up $0.32 on Friday, hitting $27.65. 15,427 shares of the company’s stock traded hands, compared to its average volume of 28,587. The firm’s 50-day moving average price is $28.47 and its two-hundred day moving average price is $28.25. InfraCap Equity Income Fund ETF has a 1-year low of $25.56 and a 1-year high of $29.86. The firm has a market capitalization of $118.34 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.