InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Short Interest Update

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 14,248 shares, a decline of 66.0% from the January 29th total of 41,880 shares. Based on an average daily trading volume, of 32,429 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 32,429 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of InfraCap Equity Income Fund ETF

An institutional investor recently bought a new position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC bought a new stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned about 0.38% of InfraCap Equity Income Fund ETF at the end of the most recent reporting period.

InfraCap Equity Income Fund ETF Stock Down 1.5%

Shares of NYSEARCA:ICAP traded down $0.43 during midday trading on Thursday, hitting $28.46. The stock had a trading volume of 16,998 shares, compared to its average volume of 37,154. InfraCap Equity Income Fund ETF has a fifty-two week low of $21.25 and a fifty-two week high of $29.32. The company has a market capitalization of $90.23 million, a P/E ratio of 19.06 and a beta of 1.02. The company’s 50-day moving average price is $28.61 and its 200-day moving average price is $27.84.

InfraCap Equity Income Fund ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 26th will be issued a $0.24 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend is Thursday, February 26th.

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.