iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Short Interest Drops 53.8%

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

Institutional Investors Weigh In On iShares U.S. Power Infrastructure ETF

A hedge fund recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Lionsbridge Wealth Management LLC purchased a new stake in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF accounts for about 1.4% of Lionsbridge Wealth Management LLC’s holdings, making the stock its 25th biggest position. Lionsbridge Wealth Management LLC owned 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent SEC filing. 60.64% of the stock is owned by institutional investors.

iShares U.S. Power Infrastructure ETF Stock Performance

Shares of NYSEARCA:POWR traded up $0.18 during trading on Tuesday, hitting $25.67. 101,621 shares of the stock were exchanged, 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 1-year low of $23.18 and a 1-year high of $28.44. The company’s fifty 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 company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.0832 dividend. This represents a $0.33 annualized dividend and a yield of 1.3%. This is an increase 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. iShares U.S. Power Infrastructure ETF’s dividend payout ratio (DPR) is 1,135.71%.