BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Large Decrease in Short Interest

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 15,407 shares, a decrease of 41.5% from the July 15th total of 26,323 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 21,851 shares, the short-interest ratio is presently 0.7 days.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

NYSEARCA LCTU opened at $83.53 on Monday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The stock’s 50 day moving average price is $80.45 and its two-hundred day moving average price is $76.91. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $67.95 and a 52 week high of $83.80.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Centurion Wealth Management LLC increased its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 6,220 shares of the company’s stock valued at $499,000 after buying an additional 169 shares during the last quarter. Focus Financial Network Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 61.7% during the second quarter. Focus Financial Network Inc. now owns 8,369 shares of the company’s stock worth $671,000 after acquiring an additional 3,192 shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at approximately $241,000. Ehrlich Financial Group grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 7.7% in the second quarter. Ehrlich Financial Group now owns 3,244 shares of the company’s stock valued at $260,000 after purchasing an additional 232 shares in the last quarter. Finally, Contango Wealth Management LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the first quarter valued at approximately $649,000.

About BlackRock U.S. Carbon Transition Readiness ETF

The BlackRock U.S. Carbon Transition Readiness ETF (LCTU) is an exchange-traded fund that is based on the Russell 1000 index. The fund is an actively-managed portfolio of large- and mid-cap US firms in the Russell 1000 Index that are selected and weighted with a preference for lower carbon emissions. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.