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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUGet Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 3,695 shares, a decline of 55.0% from the June 15th total of 8,220 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 98,866 shares, the days-to-cover ratio is presently 0.0 days.

iShares Paris-Aligned Climate MSCI USA ETF Trading Down 0.5%

NASDAQ:PABU traded down $0.40 on Tuesday, hitting $76.21. The company’s stock had a trading volume of 351 shares, compared to its average volume of 58,286. The stock has a fifty day moving average of $76.62 and a two-hundred day moving average of $72.55. iShares Paris-Aligned Climate MSCI USA ETF has a one year low of $63.89 and a one year high of $80.55. The firm has a market capitalization of $2.46 billion, a P/E ratio of 32.18 and a beta of 1.06.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.1606 per share. The ex-dividend date was Monday, June 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. purchased a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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

(Get Free Report)

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.

Further Reading

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