Short Interest in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Expands By 64.9%

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 31,853 shares, a growth of 64.9% from the December 31st total of 19,312 shares. Based on an average daily volume of 14,477 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 14,477 shares, the days-to-cover ratio is presently 2.2 days.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

Shares of NASDAQ:PABU traded down $0.39 during midday trading on Friday, hitting $71.41. The company had a trading volume of 194,290 shares, compared to its average volume of 64,335. iShares Paris-Aligned Climate MSCI USA ETF has a 12-month low of $52.49 and a 12-month high of $74.72. The company has a fifty day moving average of $72.69 and a two-hundred day moving average of $71.35. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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:PABU) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,361 shares of the company’s stock, valued at approximately $242,000.

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.