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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUGet Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 5,499 shares, a decline of 88.3% from the May 14th total of 46,880 shares. Based on an average daily trading volume, of 44,351 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

PABU stock traded down $0.96 on Wednesday, hitting $76.21. 698 shares of the company’s stock were exchanged, compared to its average volume of 69,206. iShares Paris-Aligned Climate MSCI USA ETF has a 12-month low of $63.89 and a 12-month high of $80.55. The firm has a 50 day moving average price of $74.00 and a two-hundred day moving average price of $72.00. The stock has a market cap of $2.41 billion, a P/E ratio of 32.18 and a beta of 1.06.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a dividend of $0.1402 per share. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, March 17th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. bought a new position in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,361 shares of the company’s stock, valued at approximately $242,000.

About iShares Paris-Aligned Climate MSCI USA ETF

(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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