iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Short Interest Declines 51.8%

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

iShares U.S. Power Infrastructure ETF Trading Up 1.2%

Shares of NYSEARCA:POWR traded up $0.28 during trading on Thursday, reaching $24.46. 177,254 shares of the company traded hands, compared to its average volume of 179,582. iShares U.S. Power Infrastructure ETF has a 52-week low of $23.18 and a 52-week high of $28.44. The business’s fifty day moving average is $25.75 and its 200-day moving average is $26.59. The firm has a market capitalization of $439.06 million, a price-to-earnings ratio of 174.71 and a beta of 0.46.

iShares U.S. Power Infrastructure ETF Increases Dividend

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

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 bought a new position in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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 reporting period. 60.64% of the stock is currently owned by institutional investors and hedge funds.