Short Interest in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Expands By 634.8%

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUGet Free Report) was the recipient of a large 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 trading volume of 13,642 shares, the short-interest ratio is presently 3.4 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently bought a new position 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:PABUFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,361 shares of the company’s stock, valued at approximately $242,000.

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

NASDAQ:PABU opened at $79.15 on Friday. The business’s 50-day moving average price is $72.24 and its two-hundred day moving average price is $71.69. iShares Paris-Aligned Climate MSCI USA ETF has a twelve month low of $63.56 and a twelve month high of $79.26. The stock has a market cap of $2.51 billion, a P/E 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. Investors of record on Tuesday, March 17th were issued a dividend of $0.1402 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 17th.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

(Get Free Report)

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.

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