iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Short Interest Down 41.2% in April

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 6,380 shares, a decline of 41.2% from the April 15th total of 10,843 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 41,734 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. acquired a new stake in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 Trading Down 1.2%

Shares of NASDAQ:PABU traded down $0.91 during midday trading on Friday, reaching $76.19. The company had a trading volume of 389 shares, compared to its average volume of 72,415. The company’s 50 day moving average price is $70.45 and its 200 day moving average price is $71.42. The stock has a market cap of $2.41 billion, a P/E ratio of 32.18 and a beta of 1.05. iShares Paris-Aligned Climate MSCI USA ETF has a 52-week low of $62.67 and a 52-week high of $77.15.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

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

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.