InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 8,583 shares, an increase of 326.0% from the June 15th total of 2,015 shares. Based on an average trading volume of 47,580 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
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 purchased a new position in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.
InfraCap Equity Income Fund ETF Price Performance
Shares of NYSEARCA ICAP traded down $0.19 during trading on Monday, hitting $28.25. The stock had a trading volume of 21,666 shares, compared to its average volume of 31,423. The firm has a fifty day moving average of $28.40 and a two-hundred day moving average of $28.17. The company has a market capitalization of $114.98 million, a PE ratio of 19.06 and a beta of 0.99. InfraCap Equity Income Fund ETF has a 12 month low of $25.56 and a 12 month high of $29.32.
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.
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