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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,808 shares, a decrease of 93.0% from the September 30th total of 25,994 shares. Based on an average trading volume of 9,276 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

Shares of PABU stock traded up $0.57 during mid-day trading on Tuesday, hitting $79.73. 391 shares of the stock were exchanged, compared to its average volume of 42,188. The stock’s fifty day simple moving average is $78.75 and its two-hundred day simple moving average is $74.50. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 32.18 and a beta of 1.07. iShares Paris-Aligned Climate MSCI USA ETF has a 12-month low of $63.89 and a 12-month high of $80.79.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.1923 dividend. This is a boost from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.1606. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.0%.

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.