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

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) saw 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. Based on an average daily volume of 25,196 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

A hedge fund recently raised its position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC boosted its stake in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,878 shares of the company’s stock after acquiring 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 SEC filing.

InfraCap Equity Income Fund ETF Stock Performance

NYSEARCA ICAP traded up $0.32 during trading on Friday, reaching $27.65. The company’s stock had a trading volume of 15,427 shares, compared to its average volume of 28,587. The firm has a market cap of $118.34 million, a price-to-earnings ratio of 19.06 and a beta of 0.99. InfraCap Equity Income Fund ETF has a twelve month low of $25.56 and a twelve month high of $29.86. The business’s fifty day moving average price is $28.47 and its 200-day moving average price is $28.24.

InfraCap Equity Income Fund ETF Company Profile

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.