iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Shares Shorted: Short Interest Down 51.8% in September

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 111,943 shares, a decline of 51.8% from the August 31st total of 232,318 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 214,121 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd purchased a new position 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 purchased 15,000 shares of the company’s stock, valued at approximately $393,000. Clal Insurance Enterprises Holdings Ltd owned approximately 0.14% of iShares U.S. Power Infrastructure ETF at the end of the most recent reporting period. 60.64% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Power Infrastructure ETF Stock Down 0.9%

POWR traded down $0.23 on Wednesday, reaching $24.18. The company’s stock had a trading volume of 179,067 shares, compared to its average volume of 179,748. The company has a market capitalization of $434.03 million, a price-to-earnings ratio of 172.71 and a beta of 0.46. iShares U.S. Power Infrastructure ETF has a fifty-two week low of $23.18 and a fifty-two week high of $28.44. The stock has a 50 day moving average of $25.80 and a two-hundred day moving average of $26.61.

iShares U.S. Power Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.0832 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.33 annualized dividend and a dividend yield of 1.4%. This is a boost from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. iShares U.S. Power Infrastructure ETF’s payout ratio is presently 1,135.71%.