Infrastructure Capital’s Substack
We are a leading provider of investment management solutions specializing in ETFs, managed hedge funds, and providing consulting services for other investment firms.
- Top in Finance
- #51
- Followers
- 66K
- Recommends
- 6
other newsletters
What they write about
Published by an asset manager, covering income investing and the firm's own exchange-traded funds. Recurring subjects include preferred stock mechanics, option-income and covered-call strategies, midstream energy, and what makes an equity income stream durable.
- income investing
- preferred stock
- etfs
- covered calls
- midstream energy
- dividends
Recent examples: Fund Primer: Virtus Infrastructure Capital U.S. Preferred Stock ETF - NYSE: PFFA · Fund Primer: The Infrastructure Capital Equity Income ETF - NYSE: SCAP
Written from Infrastructure Capital’s Substack’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Growth history
Subscribers (thousands, nightly)
66K on Sep 10, 2026 → 66K on Oct 21, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #51 today · #45 a week ago · #33 a month ago
Stats worth sharing
Tracked since Sep 10, 2026 — 63 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 10%
- Best rank seen
- #14
- Rank, 7 days
- −6 places
- Rank, 30 days
- −18 places
- Followers added
- −690
- Posts
- 12
- Reactions per post
- 37
- Reactions tracked
- 1.3K
of 525 ranked finance newsletters
on Sep 15, 2026
since tracking began
last 30 days
average, recent posts
across 36 posts
Most-reacted post we have seen: Infrastructure Capital Equity Income ETF (ICAP) and the In-Off Behind a Large-Cap Covered-Call Sleeve — 105 reactions on Aug 11, 2026.
Recent posts
- Fund Primer: Virtus Infrastructure Capital U.S. Preferred Stock ETF - NYSE: PFFA
About Infrastructure Capital Advisors, LLC (ICA): ICA is an SEC-registered investment advisor that manages exchange traded funds (ETFs) and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities driven by catalysts, largely in key infrastructure sectors. Current income is a primary objective in most, but not all, of ICA’s investing activities. For more information, please visit infracapfunds.com/about-us.
- Fund Primer: The Infrastructure Capital Equity Income ETF - NYSE: SCAP
About Infrastructure Capital Advisors, LLC (ICA): ICA is an SEC-registered investment advisor that manages exchange traded funds (ETFs) and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities driven by catalysts, largely in key infrastructure sectors. Current income is a primary objective in most, but not all, of ICA’s investing activities. For more information, please visit infracapfunds.com/about-us.
- Fund Primer: The Infrastructure Capital Equity Income ETF - NYSE: QVOL
About Infrastructure Capital Advisors, LLC (ICA): ICA is an SEC-registered investment advisor that manages exchange traded funds (ETFs) and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities driven by catalysts, largely in key infrastructure sectors. Current income is a primary objective in most, but not all, of ICA’s investing activities. For more information, please visit infracapfunds.com/about-us.
- Fund Primer: The Infrastructure Capital Equity Income ETF - NYSE: ICAP
- Infrastructure Capital announces dividends for its:
Infrastructure Capital announces dividends for its: Bond Income ETF (BNDS), Equity Income ETF (ICAP), Small Cap Income ETF (SCAP), and Nasdaq Option Income ETF (QVOL) NEW YORK — October 28, 2026 — Infrastructure Capital Advisors, LLC (Infrastructure Capital), a leading provider of investment management solutions designed to meet the needs of income-focused investors, is excited to declare distributions for the Infrastructure Capital Nasdaq Option Income ETF (QVOL), Infrastructure Capital Bond Income ETF (BNDS), Infrastructure Capital Small Cap Income ETF (SCAP), and Infrastructure Capital…
- The Infrastructure Capital Bond Income ETF - Fund Primer
- Join Jay Hatfield Live Monday: Markets and the Economy
Jay Hatfield, CEO and portfolio manager at Infrastructure Capital Advisors, will join Michael Gayed of Lead-Lag Media live this Monday, October 26 at 2:00 PM ET for an hour on markets and the economy. The session is free, and there will be time for your questions. What Jay will cover Housing, mortgage rates and the Fed: what recent housing activity says about the economy, and how it feeds into Fed decisions. Real-time inflation versus reported CPI: why a real-time measure can tell a different story from the official print, and what that could mean for rates. Credit markets and AI…
- QVOL: What the Active Nasdaq Overlay Has Actually Paid
The Nasdaq Composite closed last week at 27,190.86, up 1.19% on Friday, with an intraday high of 27,353.68[1][2]. The catalyst was a September jobs report that came in weaker than expected, which pushed Treasury yields down and rate-hike expectations down with them. The Dow jumped as much as 400 points, and BlackRock’s Rosenberg called the data “dovish” while noting a December hike is still “squarely in the mix”[3]. It kept going this week, closing at a record 27,599.79 on Tuesday, October 6, and ending Wednesday at 27,538.69[4]. The index is up 18.5% year to date through Wednesday’s…
- BNDS and the Case for Owning High Yield Bonds, Left Behind by Index
The Infrastructure Capital Bond Income ETF carries an 8.41% 30-day SEC yield (as of 9/30/2026) in a 5.28% Treasury world. We review the extra yield comes from, what it costs, and what the portfolio holds The bond market has been the story of the autumn, and not in a way bond investors enjoyed. Yields have held near multi-year highs[1], with the 10-year Treasury at 5.28%[10], a level that finally makes the risk-free complex of Treasuries competitive again and that has rattled every corner of fixed income priced off it. Last week brought the first relief in a while. A surprisingly weak…
- September’s inflation report can change three things for a bondholder, and leaves one untouched Consumer prices rose 0.6% in September and 3.7% over twelve months. For a fixed-rate bond, a report lik
Consumer prices rose 0.6% in September and 3.7% over twelve months. For a fixed-rate bond, a report like this can change the price, the reinvestment rate and the real return. It cannot change the coupon. The Bureau of Labor Statistics reported on October 14, 2026 that the Consumer Price Index rose 0.6% in September on a seasonally adjusted basis after rising 0.4% in August, and that the all-items index was up 3.7% over the last twelve months, compared with 3.4% in the twelve months ending in August ( BLS, 10/14/2026 and 09/11/2026 ). Excluding food and energy, prices rose 0.3% in the month…
- The Average High-Yield Spread Hides a 15-to-1 Gap
On October 8, investment-grade corporate bonds paid 82 basis points over Treasuries, BB-rated high yield paid 194, single-B paid 315 and CCC-rated bonds paid 1,252. The 3.15% index average describes the middle of the stack and says very little about either end. The most quoted number in credit is the high-yield index spread, and as of October 8, 2026 it stood at 3.15% ( ICE BofA US High Yield Index option-adjusted spread, FRED, 10/08/2026 ). It is a useful headline. It is also an average of tiers that are priced very differently, and over the last six weeks those tiers have moved apart. Break…
- Three Different Yields, One Misleading Comparison
The S&P 500’s forward earnings yield is about 5.24%, the 10-year Treasury yields about 5.22%, and the implied equity risk premium is 3.70%. Only one of those is a premium, and mixing them is how portfolio decisions end up answering the wrong question. “Stocks are no cheaper than bonds right now” is an easy line to write, and the arithmetic behind it is correct. The S&P 500’s forward 12-month P/E ratio was 19.1 in FactSet’s October 9, 2026 Earnings Insight, which works out to a forward earnings yield of about 5.24% ( FactSet, 10/09/2026; author’s calculation ). The 10-year Treasury yielded…
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: Infrastructure Capital’s Substack. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Nov 11, 2026.