iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Short Interest Down 41.2% in April

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,380 shares, a decrease of 41.2% from the April 15th total of 10,843 shares. Based on an average daily trading volume, of 41,734 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

Shares of PABU traded down $0.91 during midday trading on Friday, hitting $76.19. 389 shares of the company traded hands, compared to its average volume of 72,415. The stock has a 50-day moving average of $70.45 and a 200-day moving average of $71.42. iShares Paris-Aligned Climate MSCI USA ETF has a one year low of $62.67 and a one year high of $77.15. The firm has a market cap of $2.41 billion, a P/E ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $0.1402 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 17th.

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 position in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.