iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Shares Shorted: Short Interest Down 53.8% in September

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 51,679 shares, a decrease of 53.8% from the September 15th total of 111,943 shares. Based on an average daily volume of 221,077 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

iShares U.S. Power Infrastructure ETF Stock Performance

iShares U.S. Power Infrastructure ETF stock traded up $0.18 during mid-day trading on Tuesday, reaching $25.67. The company’s stock had a trading volume of 101,621 shares, compared to its average volume of 179,397. The company has a market capitalization of $451.79 million, a price-to-earnings ratio of 183.36 and a beta of 0.53. iShares U.S. Power Infrastructure ETF has a 12 month low of $23.18 and a 12 month high of $28.44. The business’s 50 day simple moving average is $25.57 and its 200 day simple moving average is $26.54.

iShares U.S. Power Infrastructure ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given 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 of this dividend was Tuesday, September 15th. This represents a $0.33 annualized dividend and a yield of 1.3%. iShares U.S. Power Infrastructure ETF’s payout ratio is presently 1,135.71%.

Hedge Funds Weigh In On iShares U.S. Power Infrastructure ETF

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