InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 40,860 shares, an increase of 208.4% from the August 31st total of 13,249 shares. Based on an average daily volume of 18,728 shares, the short-interest ratio is presently 2.2 days. Approximately 1.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC boosted its stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Free Report) by 181.7% during the 1st quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.
InfraCap Equity Income Fund ETF Trading Down 0.5%
Shares of NYSEARCA:ICAP traded down $0.13 during midday trading on Friday, reaching $27.95. 9,873 shares of the company were exchanged, compared to its average volume of 29,074. The stock has a market cap of $119.63 million, a PE ratio of 19.06 and a beta of 0.99. The business’s fifty day moving average is $28.62 and its two-hundred day moving average is $28.19. InfraCap Equity Income Fund ETF has a one year low of $25.56 and a one 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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