iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Experiences Significant Short Interest Increase of 247.8% in December

The iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw a notable surge in short interest throughout December 2024. By the end of the month, on December 31st, the total short interest reached 24,000 shares. This figure represents an astonishing increase of 247.8% compared to the 6,900 shares reported on December 15th. Calculating this against the average daily trading volume of 117,700 shares, the current short-interest ratio stands at a mere 0.2 days.

Institutional Investors Show Interest in iShares Paris-Aligned Climate MSCI USA ETF

In addition to the rise in short interest, institutional investors have also been actively engaging with the iShares Paris-Aligned Climate MSCI USA ETF. A notable hedge fund, Syntrinsic LLC, enhanced its stake in this ETF by 44.8% within the third quarter of 2024. According to their recent Form 13F submitted to the Securities and Exchange Commission, Syntrinsic now holds 38,349 shares after acquiring an additional 11,871 shares during that period. This ETF constitutes approximately 0.8% of Syntrinsic's total investment portfolio, marking it as the fund's 14th largest position. The estimated value of their holdings in PABU stands at around $2,432,000, as reported in their most current SEC filing.

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

As of the latest trading session, shares of the iShares Paris-Aligned Climate MSCI USA ETF opened at $63.88. Over the past year, the ETF has experienced a low of $52.08 and a high of $67.63. With a market capitalization of $1.86 billion, the ETF maintains a price-to-earnings (P/E) ratio of 33.30 and a beta of -1.11, indicating a level of inverse volatility relative to the broader market. The stock also shows a 50-day moving average at $65.77 and a 200-day moving average of $63.07.

Dividend Announcement by iShares Paris-Aligned Climate MSCI USA ETF

The fund has also made headlines by increasing its dividend. A dividend of $0.2098 per share was announced and paid on December 20th, with the ex-dividend date being December 17th. This payout marks an increase from the previous dividend amount of $0.20 per share.

Overview of iShares Paris-Aligned Climate MSCI USA ETF

The iShares Paris-Aligned Climate MSCI USA ETF (PABU) is an exchange-traded fund that predominantly invests in stocks aligned with specific environmental criteria. This fund operates by tracking an index composed of tier-weighted large- and mid-cap U.S. stocks selected based on Environmental, Social, and Governance (ESG) standards compatible with the Paris Climate Agreement and broader carbon reduction objectives.

iShares, ETF, shortinterest