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 decline in short interest in the month of September. As of September 30th, there was short interest totaling 51,679 shares, a decline of 53.8% from the September 15th total of 111,943 shares. Based on an average daily trading volume, of 221,077 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds 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. Lionsbridge Wealth Management LLC bought a new position in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF accounts for about 1.4% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. Lionsbridge Wealth Management LLC owned about 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Price Performance

Shares of POWR traded down $0.22 during mid-day trading on Thursday, reaching $24.88. 299,018 shares of the company’s stock traded hands, compared to its average volume of 180,419. The stock has a market cap of $437.89 million, a P/E ratio of 177.71 and a beta of 0.53. The stock’s 50-day moving average is $25.49 and its two-hundred day moving average is $26.52. iShares U.S. Power Infrastructure ETF has a 12 month low of $23.18 and a 12 month high of $28.44.

iShares U.S. Power Infrastructure ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.0832 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is 1,135.71%.