InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Trading Up 0.8% – What’s Next?

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP)’s stock price shot up 0.8% on Thursday . The stock traded as high as $26.78 and last traded at $26.73. 1,827 shares were traded during mid-day trading, a decline of 82% from the average session volume of 10,084 shares. The stock had previously closed at $26.52.

InfraCap Equity Income Fund ETF Stock Performance

The company has a market cap of $64.15 million, a PE ratio of 19.06 and a beta of 1.01. The firm’s 50 day moving average is $25.06 and its 200-day moving average is $25.42.

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. OLD Mission Capital LLC purchased a new stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 20,010 shares of the company’s stock, valued at approximately $527,000. OLD Mission Capital LLC owned 0.94% of InfraCap Equity Income Fund ETF as of its most recent filing with the SEC.

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.