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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 31,853 shares, a growth of 64.9% from the December 31st total of 19,312 shares. Based on an average daily trading volume, of 14,477 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 14,477 shares, the days-to-cover ratio is presently 2.2 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. bought a new position in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,361 shares of the company’s stock, valued at approximately $242,000.

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

Shares of NASDAQ PABU opened at $71.41 on Monday. The stock has a market cap of $2.23 billion, a P/E ratio of 32.18 and a beta of 1.05. The firm’s 50-day simple moving average is $72.69 and its 200 day simple moving average is $71.41. iShares Paris-Aligned Climate MSCI USA ETF has a fifty-two week low of $52.49 and a fifty-two week high of $74.72.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, December 16th.

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.