Nomura Energy Transition ETF (NYSEARCA:PWER – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,145 shares, a decline of 55.1% from the September 15th total of 2,550 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 1,493 shares, the days-to-cover ratio is presently 0.8 days.
Nomura Energy Transition ETF Stock Down 2.4%
Shares of NYSEARCA PWER traded down $1.10 during trading on Wednesday, reaching $44.36. The company had a trading volume of 376 shares, compared to its average volume of 1,010. The stock has a market cap of $12.42 million, a P/E ratio of 192.87 and a beta of 0.88. The company’s fifty day moving average price is $45.17 and its 200-day moving average price is $43.18. Nomura Energy Transition ETF has a 12 month low of $31.83 and a 12 month high of $47.15.
Nomura Energy Transition ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.2260 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.0%. This is an increase from Nomura Energy Transition ETF’s previous quarterly dividend of $0.0609. The ex-dividend date of this dividend was Monday, September 21st. Nomura Energy Transition ETF’s payout ratio is currently 213.04%.
About Nomura Energy Transition ETF
The Macquarie Energy Transition ETF (PWER) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in global companies across various sectors that facilitate transition to low carbon energy sources and lower emission power production. PWER was launched on Nov 28, 2023 and is issued by Macquarie.
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