Short Interest in VistaShares Electrification Supercycle ETF (NYSEARCA:POW) Drops By 50.2%

VistaShares Electrification Supercycle ETF (NYSEARCA:POW) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 19,912 shares, a decrease of 50.2% from the June 30th total of 39,969 shares. Based on an average daily trading volume, of 76,537 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.0% of the company’s stock are sold short.

VistaShares Electrification Supercycle ETF Trading Down 4.5%

Shares of POW stock traded down $1.20 on Tuesday, hitting $25.25. 29,521 shares of the stock traded hands, compared to its average volume of 63,033. The stock’s fifty day moving average is $29.54. VistaShares Electrification Supercycle ETF has a 1-year low of $18.72 and a 1-year high of $35.55.

Institutional Investors Weigh In On VistaShares Electrification Supercycle ETF

An institutional investor recently raised its stake in VistaShares Electrification Supercycle ETF stock. Beaumont Financial Advisors LLC raised its position in shares of VistaShares Electrification Supercycle ETF (NYSEARCA:POW) by 93.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,547 shares of the company’s stock after purchasing an additional 12,824 shares during the period. Beaumont Financial Advisors LLC owned 2.12% of VistaShares Electrification Supercycle ETF worth $644,000 at the end of the most recent quarter. 98.49% of the stock is owned by institutional investors.