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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 46,880 shares, an increase of 634.8% from the April 30th total of 6,380 shares. Based on an average daily trading volume, of 13,642 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.1% 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. purchased a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,361 shares of the company’s stock, valued at approximately $242,000.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 0.6%

iShares Paris-Aligned Climate MSCI USA ETF stock traded up $0.44 during trading hours on Friday, hitting $79.15. The stock had a trading volume of 17,925 shares, compared to its average volume of 69,935. The company has a 50-day moving average of $72.24 and a two-hundred day moving average of $71.69. iShares Paris-Aligned Climate MSCI USA ETF has a fifty-two week low of $63.56 and a fifty-two week high of $79.26. The company has a market cap of $2.51 billion, a PE ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

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

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

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.