iShares Climate Conscious & Transition MSCI USA ETF (NASDAQ:USCL) Stock Short Interest Drops 56.5%

iShares Climate Conscious & Transition MSCI USA ETF (NASDAQ:USCL) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 3,111 shares, a decline of 56.5% from the August 31st total of 7,149 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 8,177 shares, the days-to-cover ratio is currently 0.4 days.

iShares Climate Conscious & Transition MSCI USA ETF Stock Performance

USCL traded down $0.39 during midday trading on Tuesday, reaching $86.19. 152 shares of the company were exchanged, compared to its average volume of 9,367. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 25.52 and a beta of 1.00. The company’s fifty day moving average price is $85.89 and its 200 day moving average price is $82.58. iShares Climate Conscious & Transition MSCI USA ETF has a one year low of $72.13 and a one year high of $87.55.

iShares Climate Conscious & Transition MSCI USA ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a dividend of $0.2006 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.9%. This is a decrease from iShares Climate Conscious & Transition MSCI USA ETF’s previous quarterly dividend of $0.2073. The ex-dividend date was Tuesday, September 15th.

About iShares Climate Conscious & Transition MSCI USA ETF

The iShares Climate Conscious & Transition MSCI USA ETF (USCL) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap US companies selected as leaders in their respective GICS sectors in managing the transition to a low carbon economy, as determined by MSCI. USCL was launched on Jun 6, 2023 and is managed by BlackRock.