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

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 33,553 shares, a drop of 70.1% from the July 15th total of 112,090 shares. Based on an average trading volume of 228,308 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds 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. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Stock Performance

Shares of POWR stock opened at $26.88 on Thursday. iShares U.S. Power Infrastructure ETF has a one year low of $23.18 and a one year high of $28.44. The company’s 50-day moving average is $26.97 and its 200 day moving average is $26.26. The company has a market capitalization of $462.34 million, a price-to-earnings ratio of 192.00 and a beta of 0.46.