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

InfraCap Equity Income Fund ETF (NYSEARCA:ICAPGet Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,015 shares, a drop of 79.4% from the May 31st total of 9,794 shares. Based on an average daily trading volume, of 30,370 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

InfraCap Equity Income Fund ETF Stock Performance

Shares of NYSEARCA ICAP traded down $0.06 during trading on Friday, reaching $28.27. The stock had a trading volume of 33,667 shares, compared to its average volume of 31,917. The stock has a market cap of $98.94 million, a PE ratio of 19.06 and a beta of 0.99. InfraCap Equity Income Fund ETF has a one year low of $25.56 and a one year high of $29.32. The firm’s 50 day moving average price is $28.48 and its two-hundred day moving average price is $28.15.

Institutional Trading of InfraCap Equity Income Fund ETF

An institutional investor recently bought a new position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC purchased a new position in InfraCap Equity Income Fund ETF (NYSEARCA:ICAPFree Report) during the fourth quarter, according to 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 filing with the Securities and Exchange Commission.

About InfraCap Equity Income Fund ETF

(Get Free Report)

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.

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