iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Short Interest Declines 51.8%

by · The Markets Daily

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 111,943 shares, a decline of 51.8% from the August 31st total of 232,318 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 214,121 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of iShares U.S. Power Infrastructure ETF

A hedge fund recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Lionsbridge Wealth Management LLC bought a new stake in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF accounts for approximately 1.4% of Lionsbridge Wealth Management LLC’s holdings, making the stock its 25th largest position. Lionsbridge Wealth Management LLC owned approximately 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent SEC filing. 60.64% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Power Infrastructure ETF Trading Up 0.9%

NYSEARCA POWR traded up $0.22 on Tuesday, hitting $24.41. 580,215 shares of the stock traded hands, compared to its average volume of 179,751. The stock has a 50-day moving average of $25.84 and a 200 day moving average of $26.62. iShares U.S. Power Infrastructure ETF has a twelve month low of $23.18 and a twelve month high of $28.44. The company has a market capitalization of $438.16 million, a P/E ratio of 174.36 and a beta of 0.46.

iShares U.S. Power Infrastructure ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.0832 dividend. This is a boost from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. This represents a $0.33 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 15th. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is presently 1,135.71%.

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