InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Sees Large Growth in Short Interest

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 30,890 shares, a growth of 257.8% from the October 15th total of 8,634 shares. Based on an average daily volume of 23,294 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the company’s shares are sold short.

InfraCap Equity Income Fund ETF Stock Down 0.1%

Shares of ICAP stock traded down $0.02 during mid-day trading on Thursday, reaching $25.80. The company’s stock had a trading volume of 8,287 shares, compared to its average volume of 27,910. InfraCap Equity Income Fund ETF has a 12-month low of $24.30 and a 12-month high of $29.86. The firm has a market capitalization of $110.42 million, a PE ratio of 19.20 and a beta of 1.00. The company’s 50 day simple moving average is $27.18 and its 200-day simple moving average is $27.99.

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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