iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees 247.8% Increase in Short Interest

The iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) has experienced a significant rise in short interest during December. As of December 31st, the short interest reached 24,000 shares, which marks a dramatic increase of 247.8% compared to the 6,900 shares reported on December 15th. With an average trading volume of 117,700 shares, the current short-interest ratio stands at a low 0.2 days.

Institutional Interest in iShares Paris-Aligned Climate MSCI USA ETF

Recently, Syntrinsic LLC, a hedge fund, decided to increase its investment in the iShares Paris-Aligned Climate MSCI USA ETF. In its latest Form 13F filing with the Securities and Exchange Commission, Syntrinsic LLC disclosed that it raised its holdings by 44.8% during the third quarter, totaling 38,349 shares after acquiring an additional 11,871 shares. This ETF now represents about 0.8% of Syntrinsic LLC's investment portfolio, making it the firm's 14th largest position. As per its most recent filing, Syntrinsic LLC owned around 0.12% of the ETF, which is valued at approximately $2,432,000.

Current Trading Performance of iShares Paris-Aligned Climate MSCI USA ETF

As of Tuesday, shares of PABU opened at $63.88. The ETF has seen a 12-month low of $52.08 and a high of $67.63. It boasts a market capitalization of $1.86 billion, a price-to-earnings (P/E) ratio of 33.30, and a beta of -1.11. The stock also shows a 50-day moving average of $65.77 and a 200-day moving average of $63.07.

Dividend Announcement for iShares Paris-Aligned Climate MSCI USA ETF

Additionally, the ETF increased its dividend recently. The firm declared a dividend that was paid out on December 20th, which was received by shareholders on record by December 17th. The dividend payment was $0.2098 per share, up from the previous payment of $0.20.

Overview of iShares Paris-Aligned Climate MSCI USA ETF

The iShares Paris-Aligned Climate MSCI USA ETF (PABU) is an exchange-traded fund that primarily invests in stocks aligned with specific environmental themes. This ETF tracks an index of US large- and mid-cap stocks that are selected and weighted according to ESG (Environmental, Social, and Governance) criteria, consistent with the goals of the Paris Climate Agreement and carbon reduction aspirations.

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