InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Sees Significant Decline in Short Interest

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 17,850 shares, a decline of 44.1% from the December 15th total of 31,938 shares. Based on an average daily trading volume, of 17,614 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 17,614 shares, the days-to-cover ratio is currently 1.0 days.

InfraCap Equity Income Fund ETF Trading Down 0.0%

NYSEARCA:ICAP traded down $0.01 during mid-day trading on Friday, hitting $29.14. The stock had a trading volume of 33,489 shares, compared to its average volume of 47,499. InfraCap Equity Income Fund ETF has a twelve month low of $21.25 and a twelve month high of $29.18. The stock has a 50-day simple moving average of $27.95 and a two-hundred day simple moving average of $27.47. The company has a market capitalization of $86.55 million, a PE ratio of 19.06 and a beta of 1.02.

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.