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

InfraCap Equity Income Fund ETF (NYSEARCA:ICAPGet Free Report) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 20,721 shares, a growth of 45.4% from the February 12th total of 14,248 shares. Based on an average daily volume of 23,581 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 23,581 shares, the short-interest ratio is presently 0.9 days.

InfraCap Equity Income Fund ETF Price Performance

ICAP stock opened at $26.63 on Monday. The company’s 50 day simple moving average is $28.47 and its 200-day simple moving average is $27.88. InfraCap Equity Income Fund ETF has a 12 month low of $21.25 and a 12 month high of $29.32. The firm has a market capitalization of $84.42 million, a PE ratio of 19.06 and a beta of 1.02.

InfraCap Equity Income Fund ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date was Thursday, February 26th.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

An institutional investor recently bought a new position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC acquired a new stake in InfraCap Equity Income Fund ETF (NYSEARCA:ICAPFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned approximately 0.38% of InfraCap Equity Income Fund ETF as of its most recent SEC filing.

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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