iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Short Interest Report for October

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 92,422 shares, a growth of 78.8% from the September 30th total of 51,679 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 191,874 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On iShares U.S. Power Infrastructure ETF

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Lionsbridge Wealth Management LLC purchased a new stake in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF makes up approximately 1.4% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. Lionsbridge Wealth Management LLC owned about 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Stock Performance

NYSEARCA:POWR traded down $0.19 during mid-day trading on Friday, reaching $25.06. 272,559 shares of the company’s stock were exchanged, compared to its average volume of 180,025. iShares U.S. Power Infrastructure ETF has a one year low of $23.18 and a one year high of $28.44. The business’s fifty day simple moving average is $25.09 and its two-hundred day simple moving average is $26.19. The firm has a market capitalization of $444.81 million, a PE ratio of 179.00 and a beta of 0.53.

iShares U.S. Power Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.0832 per share. This is a boost from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. The ex-dividend date was Tuesday, September 15th. This represents a $0.33 dividend on an annualized basis and a yield of 1.3%. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is 1,135.71%.