VistaShares Electrification Supercycle ETF (NYSEARCA:POW) Sees Large Increase in Short Interest

VistaShares Electrification Supercycle ETF (NYSEARCA:POW) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 34,482 shares, an increase of 73.2% from the July 15th total of 19,912 shares. Based on an average daily volume of 79,973 shares, the short-interest ratio is currently 0.4 days. Approximately 1.5% of the shares of the stock are sold short.

VistaShares Electrification Supercycle ETF Price Performance

NYSEARCA:POW traded up $0.42 on Monday, hitting $28.37. The company had a trading volume of 24,064 shares, compared to its average volume of 60,541. VistaShares Electrification Supercycle ETF has a 52 week low of $18.72 and a 52 week high of $35.55. The company’s 50 day moving average price is $28.38.

Hedge Funds Weigh In On VistaShares Electrification Supercycle ETF

An institutional investor recently raised its position in VistaShares Electrification Supercycle ETF stock. Beaumont Financial Advisors LLC grew its holdings in shares of VistaShares Electrification Supercycle ETF (NYSEARCA:POW) by 93.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,547 shares of the company’s stock after acquiring an additional 12,824 shares during the period. Beaumont Financial Advisors LLC owned 2.12% of VistaShares Electrification Supercycle ETF worth $644,000 as of its most recent SEC filing. 98.49% of the stock is currently owned by institutional investors.