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

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 58,442 shares, a growth of 100.0% from the April 15th total of 29,226 shares. Based on an average trading volume of 18,187 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.7% of the company’s stock are sold short.

InfraCap Equity Income Fund ETF Trading Down 1.4%

NYSEARCA:ICAP traded down $0.40 during trading hours on Friday, hitting $28.01. The stock had a trading volume of 95,004 shares, compared to its average volume of 29,654. InfraCap Equity Income Fund ETF has a 1-year low of $24.42 and a 1-year high of $29.32. The business has a 50 day simple moving average of $27.53 and a two-hundred day simple moving average of $27.91. The company has a market cap of $98.04 million, a PE ratio of 19.06 and a beta of 1.01.

Institutional Trading of InfraCap Equity Income Fund ETF

A hedge fund recently raised its stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC raised its position in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,878 shares of the company’s stock after acquiring an additional 21,850 shares during the quarter. Janney Montgomery Scott LLC owned 0.97% of InfraCap Equity Income Fund ETF worth $891,000 at the end of the most recent quarter.

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.