Short Interest in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Expands By 134.9%

by · The Markets Daily

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Get Free Report) was the target 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. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 415,782 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares U.S. Power Infrastructure ETF

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) in the first quarter, according to the company in its most recent 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 about 0.14% of iShares U.S. Power Infrastructure ETF as of its most recent filing with the SEC. 60.64% of the stock is currently owned by institutional investors.

iShares U.S. Power Infrastructure ETF Trading Down 1.9%

Shares of POWR stock traded down $0.54 during trading hours on Monday, hitting $27.26. The company’s stock had a trading volume of 159,226 shares, compared to its average volume of 139,097. The company has a 50 day moving average of $27.05 and a 200 day moving average of $25.81. The stock has a market cap of $282.14 million, a PE ratio of 194.71 and a beta of 0.46. iShares U.S. Power Infrastructure ETF has a 12-month low of $22.89 and a 12-month high of $28.44.

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