iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Short Interest Declines 51.8%

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 111,943 shares, a decline of 51.8% from the August 31st total of 232,318 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 214,121 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of 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 stake in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF accounts for approximately 1.4% of Lionsbridge Wealth Management LLC’s holdings, making the stock its 25th largest position. Lionsbridge Wealth Management LLC owned approximately 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent SEC filing. 60.64% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Power Infrastructure ETF Trading Up 0.9%

NYSEARCA POWR traded up $0.22 on Tuesday, hitting $24.41. 580,215 shares of the stock traded hands, compared to its average volume of 179,751. The stock has a 50-day moving average of $25.84 and a 200 day moving average of $26.62. iShares U.S. Power Infrastructure ETF has a twelve month low of $23.18 and a twelve month high of $28.44. The company has a market capitalization of $438.16 million, a P/E ratio of 174.36 and a beta of 0.46.

iShares U.S. Power Infrastructure ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.0832 dividend. This is a boost from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. This represents a $0.33 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 15th. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is presently 1,135.71%.