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

The iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) experienced a significant rise in short interest in December 2023. By December 31, the short interest reached 24,000 shares, showcasing an impressive increase of 247.8% from the December 15 total of 6,900 shares. Given an average trading volume of 117,700 shares, the current short-interest ratio stands at 0.2 days.

Changes in Institutional Holdings

Recently, Syntrinsic LLC, a hedge fund, expanded its investment in the iShares Paris-Aligned Climate MSCI USA ETF by 44.8% during the third quarter. According to their latest Form 13F filing with the Securities and Exchange Commission (SEC), Syntrinsic LLC owns 38,349 shares of PABU after purchasing an additional 11,871 shares in the quarter. This ETF comprises about 0.8% of the firm’s overall investment portfolio, marking it as the 14th largest holding. As per the latest SEC filing, Syntrinsic LLC’s stake in the ETF is valued at approximately $2,432,000.

Current Trading Status of PABU

PABU shares opened at $63.88 recently. The ETF has seen a 12-month low of $52.08 and a high of $67.63. The fund features a market capitalization of $1.86 billion, a price-to-earnings (P/E) ratio of 33.30, and a beta of -1.11. Additionally, the ETF’s 50-day moving average is $65.77, while its 200-day moving average is $63.07.

Dividend Announcement

The company also declared a dividend recently, which was disbursed on December 20. Shareholders recorded on December 17 earned a dividend of $0.2098 per share, an increase from the previous dividend of $0.20.

Overview of the iShares Paris-Aligned Climate MSCI USA ETF

The iShares Paris-Aligned Climate MSCI USA ETF (PABU) is an exchange-traded fund focusing on investments that align with specific themes. It tracks an index of large- and mid-cap US stocks selected and weighted according to environmental, social, and governance (ESG) criteria that comply with the objectives of the Paris Agreement and global carbon reduction targets.

iShares, ETF, shortinterest