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

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) saw 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. Based on an average trading volume of 228,308 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

iShares U.S. Power Infrastructure ETF Stock Performance

Shares of POWR opened at $26.88 on Thursday. The stock has a market cap of $462.34 million, a PE ratio of 192.00 and a beta of 0.46. iShares U.S. Power Infrastructure ETF has a fifty-two week low of $23.18 and a fifty-two week high of $28.44. The firm’s 50-day simple moving average is $26.97 and its two-hundred day simple moving average is $26.26.

Institutional Trading of iShares U.S. Power Infrastructure ETF

An institutional investor recently bought a new stake 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) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing. 60.64% of the stock is currently owned by hedge funds and other institutional investors.