Short Interest in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Decreases By 51.5%

by · The Cerbat Gem

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 119,283 shares, a decrease of 51.5% from the June 15th total of 245,756 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 230,852 shares, the short-interest ratio is currently 0.5 days.

iShares U.S. Power Infrastructure ETF Trading Down 1.2%

NYSEARCA POWR traded down $0.31 during trading on Thursday, hitting $26.56. 257,240 shares of the company traded hands, compared to its average volume of 163,389. iShares U.S. Power Infrastructure ETF has a 12 month low of $23.18 and a 12 month high of $28.44. The business has a fifty day simple moving average of $27.42 and a 200 day simple moving average of $26.10. The company has a market capitalization of $422.30 million, a P/E ratio of 189.71 and a beta of 0.45.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Free Report) during the first quarter, according to 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 filing with the SEC. 60.64% of the stock is currently owned by institutional investors and hedge funds.

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