iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Sees Significant Drop in Short Interest

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Get Free Report) saw a significant decrease in short interest during 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 trading volume of 214,121 shares, the short-interest ratio is presently 0.5 days. Currently, 0.6% of the company’s stock are sold short.

iShares U.S. Power Infrastructure ETF Stock Performance

POWR stock traded up $0.22 during trading on Tuesday, reaching $24.41. The company had a trading volume of 580,215 shares, compared to its average volume of 179,751. iShares U.S. Power Infrastructure ETF has a twelve month low of $23.18 and a twelve month high of $28.44. The company has a market cap of $438.16 million, a price-to-earnings ratio of 174.36 and a beta of 0.46. The firm has a 50-day simple moving average of $25.84 and a 200-day simple moving average of $26.62.

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iShares U.S. Power Infrastructure ETF Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Lionsbridge Wealth Management LLC acquired a new position in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF accounts for 1.4% of Lionsbridge Wealth Management LLC’s portfolio, making the stock its 25th largest position. Lionsbridge Wealth Management LLC owned about 0.33% of iShares U.S. Power Infrastructure ETF at the end of the most recent quarter. Institutional investors own 60.64% of the company’s stock.

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