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

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 29,226 shares, an increase of 125.4% from the March 31st total of 12,965 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 24,843 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned about 0.38% of InfraCap Equity Income Fund ETF as of its most recent SEC filing.

InfraCap Equity Income Fund ETF Stock Up 0.1%

ICAP traded up $0.04 on Friday, reaching $28.80. The company’s stock had a trading volume of 11,907 shares, compared to its average volume of 29,468. The company has a market capitalization of $100.80 million, a price-to-earnings ratio of 19.06 and a beta of 1.01. InfraCap Equity Income Fund ETF has a fifty-two week low of $23.25 and a fifty-two week high of $29.32. The stock has a 50 day moving average of $27.56 and a two-hundred day moving average of $27.80.

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.