Short Interest in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Rises By 134.9%

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 166,505 shares, an increase of 134.9% from the April 30th total of 70,883 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 415,782 shares, the days-to-cover ratio is presently 0.4 days.

iShares U.S. Power Infrastructure ETF Trading Down 0.4%

POWR stock traded down $0.10 during midday trading on Friday, hitting $27.80. 182,417 shares of the company’s stock were exchanged, compared to its average volume of 138,897. The business has a 50-day simple moving average of $27.03 and a two-hundred day simple moving average of $25.80. The stock has a market capitalization of $287.73 million, a PE ratio of 198.57 and a beta of 0.46. iShares U.S. Power Infrastructure ETF has a 1-year low of $22.64 and a 1-year high of $28.44.

Institutional Investors Weigh In On 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 iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 quarter. Institutional investors own 60.64% of the company’s stock.