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

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) saw a significant growth in short interest in 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. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 218,863 shares, the short-interest ratio is presently 0.4 days.

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

POWR stock traded down $0.51 during trading on Friday, hitting $25.44. The company had a trading volume of 140,302 shares, compared to its average volume of 174,321. The firm has a market capitalization of $437.57 million, a price-to-earnings ratio of 181.71 and a beta of 0.46. The business has a 50 day moving average of $26.75 and a 200 day moving average of $26.54. iShares U.S. Power Infrastructure ETF has a fifty-two week low of $23.18 and a fifty-two week high of $28.44.

Institutional Trading of iShares U.S. Power Infrastructure ETF

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the company’s stock, valued at approximately $393,000. Clal Insurance Enterprises Holdings Ltd owned 0.14% of iShares U.S. Power Infrastructure ETF at the end of the most recent reporting period. 60.64% of the stock is currently owned by institutional investors.