iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Short Interest Update

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,499 shares, a drop of 88.3% from the May 14th total of 46,880 shares. Based on an average trading volume of 44,351 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. acquired a new position in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,361 shares of the company’s stock, valued at approximately $242,000.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 1.2%

Shares of NASDAQ:PABU traded up $0.88 during trading on Thursday, hitting $76.03. 4,430 shares of the company traded hands, compared to its average volume of 68,190. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 32.18 and a beta of 1.06. The business’s fifty day moving average is $74.21 and its 200-day moving average is $72.03. iShares Paris-Aligned Climate MSCI USA ETF has a one year low of $63.89 and a one year high of $80.55.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a dividend of $0.1402 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, March 17th.

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.