iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Shares Shorted: Short Interest Down 53.8% in September

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the target of a significant drop in short interest in 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. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 221,077 shares, the days-to-cover ratio is currently 0.2 days.

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

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Price Performance

iShares U.S. Power Infrastructure ETF stock traded down $0.58 during mid-day trading on Wednesday, reaching $25.10. 242,534 shares of the company traded hands, compared to its average volume of 179,812. iShares U.S. Power Infrastructure ETF has a fifty-two week low of $23.18 and a fifty-two week high of $28.44. The company has a market capitalization of $441.76 million, a price-to-earnings ratio of 179.29 and a beta of 0.53. The firm’s fifty day moving average is $25.52 and its two-hundred day moving average is $26.53.

iShares U.S. Power Infrastructure ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a dividend of $0.0832 per share. This represents a $0.33 annualized dividend and a yield of 1.3%. 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. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is 1,135.71%.