Short Interest in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Rises By 33.1%

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 28,211 shares, an increase of 33.1% from the February 26th total of 21,196 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 27,225 shares, the days-to-cover ratio is presently 1.0 days.

iShares Paris-Aligned Climate MSCI USA ETF Stock Down 2.1%

Shares of NASDAQ:PABU traded down $1.36 during trading on Friday, reaching $64.26. 25,099 shares of the company traded hands, compared to its average volume of 75,166. The firm has a fifty day simple moving average of $69.32 and a 200 day simple moving average of $71.37. The firm has a market cap of $2.06 billion, a P/E ratio of 32.18 and a beta of 1.05. iShares Paris-Aligned Climate MSCI USA ETF has a 1-year low of $52.49 and a 1-year high of $74.72.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $0.1402 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%.

Institutional Inflows and Outflows

An institutional investor 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:PABU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,361 shares of the company’s stock, valued at approximately $242,000.

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.