InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Stock Short Interest Falls 87.3%

by · The Cerbat Gem

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,199 shares, a drop of 87.3% from the September 15th total of 40,860 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 25,196 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

An institutional investor recently raised its stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC boosted its holdings in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Free Report) by 181.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,878 shares of the company’s stock after purchasing an additional 21,850 shares during the quarter. Janney Montgomery Scott LLC owned about 0.97% of InfraCap Equity Income Fund ETF worth $891,000 at the end of the most recent quarter.

InfraCap Equity Income Fund ETF Stock Up 1.2%

ICAP traded up $0.32 during trading on Friday, hitting $27.65. 15,427 shares of the stock were exchanged, compared to its average volume of 28,587. The firm has a market capitalization of $118.34 million, a P/E ratio of 19.06 and a beta of 0.99. InfraCap Equity Income Fund ETF has a 1-year low of $25.56 and a 1-year high of $29.86. The stock has a fifty day moving average price of $28.47 and a two-hundred day moving average price of $28.24.

InfraCap Equity Income Fund ETF Company Profile

(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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