iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Large Growth in Short Interest

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 28,211 shares, a growth of 33.1% from the February 26th total of 21,196 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 27,225 shares, the short-interest ratio is currently 1.0 days.

iShares Paris-Aligned Climate MSCI USA ETF Trading Down 0.2%

iShares Paris-Aligned Climate MSCI USA ETF stock traded down $0.10 during trading on Monday, reaching $64.16. The company had a trading volume of 422,693 shares, compared to its average volume of 80,957. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 32.18 and a beta of 1.05. The firm’s 50-day simple moving average is $69.15 and its 200 day simple moving average is $71.33. iShares Paris-Aligned Climate MSCI USA ETF has a 52 week low of $52.49 and a 52 week high of $74.72.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a $0.1402 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. purchased a new position in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,361 shares of the company’s stock, valued at approximately $242,000.

About iShares Paris-Aligned Climate MSCI USA ETF

The iShares Paris-Aligned Climate MSCI USA ETF (PABU) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of tier-weighted US large- and mid-cap stocks selected and weighted based on ESG criteria that is compatible with the Paris Climate Agreement and carbon reduction goals. PABU was launched on Feb 8, 2022 and is managed by BlackRock.