InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 11,849 shares, a decline of 65.7% from the July 15th total of 34,495 shares. Based on an average trading volume of 24,369 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.
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 grew its holdings in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Free Report) by 181.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,878 shares of the company’s stock after buying an additional 21,850 shares during the period. Janney Montgomery Scott LLC owned 0.97% of InfraCap Equity Income Fund ETF worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
InfraCap Equity Income Fund ETF Price Performance
Shares of ICAP traded up $0.02 during midday trading on Friday, reaching $29.69. The stock had a trading volume of 16,319 shares, compared to its average volume of 30,685. The company has a market cap of $124.10 million, a price-to-earnings ratio of 19.06 and a beta of 0.99. The company’s fifty day simple moving average is $28.51 and its two-hundred day simple moving average is $28.19. InfraCap Equity Income Fund ETF has a 1-year low of $25.56 and a 1-year high of $29.86.
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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