InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Short Interest Down 81.8% in May

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 10,627 shares, a drop of 81.8% from the April 30th total of 58,442 shares. Based on an average daily volume of 33,465 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On InfraCap Equity Income Fund ETF

An institutional investor recently raised its position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC increased its holdings in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,878 shares of the company’s stock after acquiring an additional 21,850 shares during the period. Janney Montgomery Scott LLC owned about 0.97% of InfraCap Equity Income Fund ETF worth $891,000 at the end of the most recent reporting period.

InfraCap Equity Income Fund ETF Stock Down 0.1%

NYSEARCA:ICAP opened at $28.68 on Thursday. InfraCap Equity Income Fund ETF has a 1-year low of $24.42 and a 1-year high of $29.32. The firm has a market capitalization of $100.38 million, a price-to-earnings ratio of 19.06 and a beta of 1.01. The stock has a fifty day simple moving average of $27.71 and a 200 day simple moving average of $27.98.

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.