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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5,298 shares, a decrease of 58.6% from the July 30th total of 12,786 shares. Based on an average trading volume of 5,762 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently bought a new position in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. acquired a new position in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,361 shares of the company’s stock, valued at approximately $242,000.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

iShares Paris-Aligned Climate MSCI USA ETF stock opened at $78.09 on Friday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 32.18 and a beta of 1.06. The stock has a fifty day moving average price of $76.59 and a two-hundred day moving average price of $73.67. iShares Paris-Aligned Climate MSCI USA ETF has a 52-week low of $63.89 and a 52-week high of $80.55.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.1606 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.14.

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.