iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Sees Large Drop in Short Interest

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 119,283 shares, a decrease of 51.5% from the June 15th total of 245,756 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 230,852 shares, the days-to-cover ratio is currently 0.5 days.

iShares U.S. Power Infrastructure ETF Stock Down 0.7%

POWR traded down $0.20 during midday trading on Wednesday, hitting $26.87. The company had a trading volume of 352,065 shares, compared to its average volume of 162,679. iShares U.S. Power Infrastructure ETF has a 52 week low of $23.18 and a 52 week high of $28.44. The company has a market capitalization of $419.17 million, a price-to-earnings ratio of 191.93 and a beta of 0.45. The stock’s 50 day moving average price is $27.42 and its 200 day moving average price is $26.10.

Institutional Trading of iShares U.S. Power Infrastructure ETF

A hedge fund recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd bought a new stake in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 reporting period. Institutional investors own 60.64% of the company’s stock.