iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Short Interest Update

by · The Cerbat Gem

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 166,505 shares, a growth of 134.9% from the April 30th total of 70,883 shares. Based on an average daily volume of 415,782 shares, the short-interest ratio is currently 0.4 days. Currently, 1.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $393,000. Clal Insurance Enterprises Holdings Ltd owned approximately 0.14% of iShares U.S. Power Infrastructure ETF as of its most recent SEC filing. 60.64% of the stock is owned by institutional investors.

iShares U.S. Power Infrastructure ETF Price Performance

Shares of NYSEARCA POWR traded down $0.54 during midday trading on Tuesday, reaching $27.26. 159,226 shares of the stock were exchanged, compared to its average volume of 139,097. iShares U.S. Power Infrastructure ETF has a 12 month low of $22.89 and a 12 month high of $28.44. The company has a market capitalization of $282.14 million, a price-to-earnings ratio of 194.71 and a beta of 0.46. The business has a 50-day simple moving average of $27.05 and a two-hundred day simple moving average of $25.81.

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