InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,634 shares, an increase of 66.1% from the September 30th total of 5,199 shares. Based on an average daily trading volume, of 16,144 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC raised its stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Free Report) by 181.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,878 shares of the company’s stock after buying an additional 21,850 shares during the period. Janney Montgomery Scott LLC owned approximately 0.97% of InfraCap Equity Income Fund ETF worth $891,000 as of its most recent SEC filing.
InfraCap Equity Income Fund ETF Price Performance
InfraCap Equity Income Fund ETF stock opened at $25.94 on Monday. InfraCap Equity Income Fund ETF has a 52-week low of $25.56 and a 52-week high of $29.86. The firm has a fifty day moving average of $27.76 and a 200-day moving average of $28.14. The firm has a market capitalization of $111.02 million, a P/E ratio of 19.06 and a beta of 0.99.
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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