iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Short Interest Up 196.8% in August

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 232,318 shares, a growth of 196.8% from the August 15th total of 78,263 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 225,210 shares, the short-interest ratio is presently 1.0 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. Lionsbridge Wealth Management LLC bought a new position in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 holdings, making the stock its 25th biggest position. Lionsbridge Wealth Management LLC owned approximately 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Stock Down 3.1%

Shares of NYSEARCA POWR traded down $0.80 during mid-day trading on Monday, reaching $24.84. 315,889 shares of the company were exchanged, compared to its average volume of 176,604. iShares U.S. Power Infrastructure ETF has a 52 week low of $23.18 and a 52 week high of $28.44. The stock has a market capitalization of $427.25 million, a PE ratio of 177.43 and a beta of 0.46. The company’s 50 day moving average price is $26.34 and its 200 day moving average price is $26.69.