Short Interest in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Declines By 70.1%

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 33,553 shares, a drop of 70.1% from the July 15th total of 112,090 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 228,308 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On 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 purchased a new position in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission. 60.64% of the stock is currently owned by institutional investors.

iShares U.S. Power Infrastructure ETF Stock Performance

iShares U.S. Power Infrastructure ETF stock traded up $0.22 during trading on Friday, reaching $27.11. 123,014 shares of the company’s stock were exchanged, compared to its average volume of 171,381. iShares U.S. Power Infrastructure ETF has a 52-week low of $23.18 and a 52-week high of $28.44. The firm has a market cap of $466.29 million, a price-to-earnings ratio of 193.64 and a beta of 0.46. The company’s 50-day moving average is $26.95 and its two-hundred day moving average is $26.31.