iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 92,422 shares, a growth of 78.8% from the September 30th total of 51,679 shares. Based on an average trading volume of 191,874 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the company’s shares are short sold.
iShares U.S. Power Infrastructure ETF Stock Performance
Shares of POWR stock traded up $0.55 on Tuesday, hitting $25.68. 41,966 shares of the stock traded hands, compared to its average volume of 179,495. iShares U.S. Power Infrastructure ETF has a twelve month low of $23.18 and a twelve month high of $28.44. The firm’s 50-day moving average price is $25.08 and its two-hundred day moving average price is $26.19. The stock has a market capitalization of $455.82 million, a PE ratio of 183.43 and a beta of 0.53.
iShares U.S. Power Infrastructure ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a $0.0832 dividend. This is a positive change 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. This represents a $0.33 annualized dividend and a dividend yield of 1.3%. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is currently 1,135.71%.
Institutional Trading of iShares U.S. Power Infrastructure ETF
An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Lionsbridge Wealth Management LLC acquired a new stake in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 largest position. Lionsbridge Wealth Management LLC owned approximately 0.33% of iShares U.S. Power Infrastructure ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 60.64% of the company’s stock.
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