Short Interest in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Increases By 301.9%

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 34,495 shares, a growth of 301.9% from the June 30th total of 8,583 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 25,254 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC bought a new stake in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned 0.38% of InfraCap Equity Income Fund ETF as of its most recent filing with the SEC.

InfraCap Equity Income Fund ETF Trading Down 0.1%

Shares of InfraCap Equity Income Fund ETF stock traded down $0.02 on Monday, reaching $28.35. 34,187 shares of the company were exchanged, compared to its average volume of 30,825. The company has a market capitalization of $116.23 million, a price-to-earnings ratio of 19.06 and a beta of 0.99. InfraCap Equity Income Fund ETF has a one year low of $25.56 and a one year high of $29.32. The company has a 50-day moving average of $28.41 and a 200 day moving average of $28.18.

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.