InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,015 shares, a decrease of 79.4% from the May 31st total of 9,794 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 30,370 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On InfraCap Equity Income Fund ETF
An institutional investor recently raised its stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC grew its stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Free Report) by 181.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,878 shares of the company’s stock after buying an additional 21,850 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.97% of InfraCap Equity Income Fund ETF worth $891,000 as of its most recent SEC filing.
InfraCap Equity Income Fund ETF Stock Down 0.2%
Shares of ICAP traded down $0.06 during midday trading on Friday, hitting $28.27. The company’s stock had a trading volume of 33,667 shares, compared to its average volume of 31,917. InfraCap Equity Income Fund ETF has a one year low of $25.56 and a one year high of $29.32. The stock has a market capitalization of $98.94 million, a price-to-earnings ratio of 19.06 and a beta of 0.99. The company’s fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $28.15.
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.
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