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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 24,342 shares, a decrease of 23.6% from the January 15th total of 31,853 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 279,196 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 279,196 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

Shares of NASDAQ:PABU traded up $0.12 during trading on Tuesday, reaching $69.05. 1,160 shares of the company’s stock traded hands, compared to its average volume of 91,230. The company has a 50 day moving average of $71.98 and a 200-day moving average of $71.53. iShares Paris-Aligned Climate MSCI USA ETF has a 12 month low of $52.49 and a 12 month high of $74.72. The stock has a market capitalization of $2.21 billion, a P/E ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

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

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

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.