Short Interest in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Decreases By 81.8%

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 10,627 shares, a decline of 81.8% from the April 30th total of 58,442 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 33,465 shares, the days-to-cover ratio is currently 0.3 days.

InfraCap Equity Income Fund ETF Stock Up 0.2%

Shares of NYSEARCA:ICAP traded up $0.07 during trading on Friday, hitting $28.68. 78,003 shares of the stock traded hands, compared to its average volume of 30,505. The company has a market cap of $100.38 million, a price-to-earnings ratio of 19.06 and a beta of 1.01. The company has a fifty day moving average price of $27.78 and a two-hundred day moving average price of $28.00. InfraCap Equity Income Fund ETF has a 52-week low of $24.42 and a 52-week high of $29.32.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

An institutional investor recently bought a new position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC bought a new stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned approximately 0.38% of InfraCap Equity Income Fund ETF at the end of the most recent reporting period.

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.