iShares Climate Conscious & Transition MSCI USA ETF (NASDAQ:USCL) Short Interest Up 146,628.1% in May

iShares Climate Conscious & Transition MSCI USA ETF (NASDAQ:USCL) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 5,003,429 shares, an increase of 146,628.1% from the May 14th total of 3,410 shares. Based on an average daily volume of 90,826 shares, the days-to-cover ratio is currently 55.1 days. Currently, 16.5% of the shares of the stock are sold short.

iShares Climate Conscious & Transition MSCI USA ETF Price Performance

iShares Climate Conscious & Transition MSCI USA ETF stock traded up $0.46 during trading hours on Tuesday, hitting $83.48. The stock had a trading volume of 163 shares, compared to its average volume of 10,259. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 25.52 and a beta of 1.00. iShares Climate Conscious & Transition MSCI USA ETF has a 1-year low of $70.96 and a 1-year high of $85.57. The stock’s fifty day moving average is $80.40 and its two-hundred day moving average is $79.22.

iShares Climate Conscious & Transition MSCI USA ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $0.2313 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.93 annualized dividend and a yield of 1.1%.

iShares Climate Conscious & Transition MSCI USA ETF Company Profile

The iShares Climate Conscious & Transition MSCI USA ETF (USCL) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap US companies selected as leaders in their respective GICS sectors in managing the transition to a low carbon economy, as determined by MSCI. USCL was launched on Jun 6, 2023 and is managed by BlackRock.