iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Short Interest Report for October

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 92,422 shares, an increase of 78.8% from the September 30th total of 51,679 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 191,874 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares U.S. Power Infrastructure ETF

An institutional investor recently bought a new stake in iShares U.S. Power Infrastructure ETF stock. Lionsbridge Wealth Management LLC purchased a new position in shares of 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 institutional investor purchased 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF makes up 1.4% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. Lionsbridge Wealth Management LLC owned approximately 0.33% of iShares U.S. Power Infrastructure ETF at the end of the most recent reporting period. Institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Trading Up 0.3%

POWR traded up $0.07 on Monday, reaching $25.13. The stock had a trading volume of 220,898 shares, compared to its average volume of 180,219. iShares U.S. Power Infrastructure ETF has a 12-month low of $23.18 and a 12-month high of $28.44. The business’s 50-day moving average price is $25.09 and its two-hundred day moving average price is $26.19. The company has a market cap of $446.06 million, a P/E ratio of 179.50 and a beta of 0.53.

iShares U.S. Power Infrastructure ETF Increases Dividend

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