iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Significant Growth in Short Interest
by Amy Steele · The Cerbat GemiShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 10,843 shares, a growth of 98.7% from the March 31st total of 5,458 shares. Based on an average daily volume of 3,271 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.0% of the shares of the stock are sold short.
iShares Paris-Aligned Climate MSCI USA ETF Stock Up 1.0%
PABU stock traded up $0.73 during midday trading on Friday, hitting $73.85. The company’s stock had a trading volume of 4,977 shares, compared to its average volume of 78,878. iShares Paris-Aligned Climate MSCI USA ETF has a 12 month low of $58.60 and a 12 month high of $74.72. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 32.18 and a beta of 1.04. The company has a 50 day moving average of $68.93 and a two-hundred day moving average of $71.14.
iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.1402 dividend. This represents a $0.56 annualized dividend and a yield of 0.8%. 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. purchased a new position in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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.