iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Short Interest Report for October

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 92,422 shares, an increase of 78.8% from the September 30th total of 51,679 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 191,874 shares, the short-interest ratio is presently 0.5 days.

iShares U.S. Power Infrastructure ETF Stock Performance

Shares of POWR stock traded down $0.19 during trading hours on Friday, hitting $25.06. The company had a trading volume of 272,559 shares, compared to its average volume of 180,025. iShares U.S. Power Infrastructure ETF has a 12 month low of $23.18 and a 12 month high of $28.44. The firm has a market capitalization of $444.81 million, a price-to-earnings ratio of 179.00 and a beta of 0.53. The firm’s fifty day moving average is $25.09 and its 200 day moving average is $26.19.

iShares U.S. Power Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.0832 per share. This is an increase from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. This represents a $0.33 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, September 15th. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is currently 1,135.71%.

Hedge Funds 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. Lionsbridge Wealth Management LLC purchased a new stake in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF makes up about 1.4% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. Lionsbridge Wealth Management LLC owned 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent SEC filing. 60.64% of the stock is owned by hedge funds and other institutional investors.