Short Interest in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Drops By 80.7%

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 5,458 shares, a decline of 80.7% from the March 15th total of 28,211 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 235,021 shares, the short-interest ratio is presently 0.0 days.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 1.3%

iShares Paris-Aligned Climate MSCI USA ETF stock traded up $0.91 during trading hours on Monday, hitting $69.83. The stock had a trading volume of 473 shares, compared to its average volume of 88,656. The stock has a market capitalization of $2.20 billion, a P/E ratio of 32.18 and a beta of 1.04. iShares Paris-Aligned Climate MSCI USA ETF has a 12-month low of $54.56 and a 12-month high of $74.72. The stock’s 50-day moving average price is $68.40 and its 200-day moving average price is $71.09.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.1402 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend 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. Hollencrest Capital Management acquired a new stake in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 972 shares of the company’s stock, valued at approximately $65,000.

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.