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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the target 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. Approximately 0.0% of the shares of the stock are short sold.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

NASDAQ PABU traded down $0.77 on Tuesday, reaching $76.40. 33,790 shares of the company’s stock traded hands, compared to its average volume of 69,207. iShares Paris-Aligned Climate MSCI USA ETF has a 12 month low of $63.89 and a 12 month high of $80.55. The stock has a 50-day simple moving average of $73.75 and a 200 day simple moving average of $71.96. The stock has a market cap of $2.42 billion, a PE ratio of 32.18 and a beta of 1.06.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given 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.

Institutional Inflows and Outflows

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 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,361 shares of the company’s stock, valued at approximately $242,000.

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.