Pretty mysterious. First off, that's Navajo Sandstone, which is probably the most common strata at Lake Powell, and it's the same stuff as most of the vertical walls in that part of the lake, including Tapestry Wall, the entrance of Moqui Canyon, the walls with Defiance House Ruin in Forgotten Canyon, and the narrows of Smith Fork. Below that you've got the crumbly Kayenta formation that forms beaches pretty well--common in Knowles for example, which is why you have good beaches in there--and below that is another vertical monolithic sandstone, the Wingate Formation. So I suppose you could check Navajo Sandstone elsewhere--it's certainly common enough in many parts of the lake.
Your photo is date stamped May 23, when the lake was at 3581.27. FYI--the November 2018 flush dropped the lake from 3590 to 3587 in three days, which is the right vertical distance, but the wrong lake level to explain the mystery... if it was the right answer, it would have to be about 20-30 feet above 3581, which it wasn't...
The only explanation I can think of is that the strip is at about 3600-3610, and that's been one of the most dynamic lake levels on the lake in recent years--i.e., it's been covered and uncovered many times seasonally, more often than most any other lake level since 2005... Maybe the rapid seasonal changes from dry to wet to dry again in many recent years made it difficult for mussels to take hold... just a guess...