Short Interest in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Rises By 133.3%

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 78,263 shares, a growth of 133.3% from the July 30th total of 33,553 shares. Based on an average trading volume of 218,863 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Lionsbridge Wealth Management LLC bought a new position in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 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 holdings, making the stock its 25th biggest holding. Lionsbridge Wealth Management LLC owned approximately 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent SEC filing. Hedge funds and other institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Stock Down 2.0%

NYSEARCA POWR traded down $0.51 on Friday, hitting $25.44. The company’s stock had a trading volume of 140,302 shares, compared to its average volume of 174,321. The company’s 50-day moving average is $26.75 and its 200 day moving average is $26.54. The firm has a market cap of $437.57 million, a PE ratio of 181.71 and a beta of 0.46. iShares U.S. Power Infrastructure ETF has a 1-year low of $23.18 and a 1-year high of $28.44.