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

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 119,283 shares, a drop of 51.5% from the June 15th total of 245,756 shares. Based on an average daily trading volume, of 230,852 shares, the short-interest ratio is currently 0.5 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Investors 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) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,000 shares of the company’s stock, valued at approximately $393,000. Clal Insurance Enterprises Holdings Ltd owned approximately 0.14% of iShares U.S. Power Infrastructure ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Stock Down 0.7%

POWR traded down $0.20 during trading on Wednesday, reaching $26.87. 352,065 shares of the stock traded hands, compared to its average volume of 162,679. The stock’s 50-day moving average is $27.42 and its 200 day moving average is $26.10. iShares U.S. Power Infrastructure ETF has a 12 month low of $23.18 and a 12 month high of $28.44. The stock has a market capitalization of $419.17 million, a PE ratio of 191.93 and a beta of 0.45.