iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Sees Large Growth in Short Interest

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 78,263 shares, a growth of 133.3% from the July 30th total of 33,553 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 218,863 shares, the days-to-cover ratio is presently 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 purchased a new stake in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) in the first quarter, according to its most recent filing with the SEC. The firm purchased 15,000 shares of the company’s stock, valued at approximately $393,000. Clal Insurance Enterprises Holdings Ltd owned 0.14% of iShares U.S. Power Infrastructure ETF at the end of the most recent quarter. 60.64% of the stock is currently owned by institutional investors.

iShares U.S. Power Infrastructure ETF Stock Down 2.0%

POWR traded down $0.51 on Friday, reaching $25.44. The company had a trading volume of 140,302 shares, compared to its average volume of 174,321. The stock has a market capitalization of $437.57 million, a PE ratio of 181.71 and a beta of 0.46. iShares U.S. Power Infrastructure ETF has a 1 year low of $23.18 and a 1 year high of $28.44. The stock has a 50-day moving average price of $26.79 and a 200-day moving average price of $26.51.