BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Short Interest Up 125.3% in May

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 30,321 shares, an increase of 125.3% from the April 30th total of 13,458 shares. Based on an average daily trading volume, of 26,811 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LCTU. Goldman Sachs Group Inc. increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 266.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,898 shares of the company’s stock worth $1,630,000 after purchasing an additional 19,561 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter worth approximately $797,000. First Trust Advisors LP acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter worth approximately $217,000. Raymond James Financial Inc. increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 27.9% during the 2nd quarter. Raymond James Financial Inc. now owns 9,040 shares of the company’s stock worth $608,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 26.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 40,393 shares of the company’s stock worth $2,717,000 after purchasing an additional 8,562 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

BlackRock U.S. Carbon Transition Readiness ETF stock traded up $0.20 during midday trading on Friday, reaching $80.76. The stock had a trading volume of 45,829 shares, compared to its average volume of 40,869. The firm’s fifty day simple moving average is $75.32 and its 200-day simple moving average is $74.46. BlackRock U.S. Carbon Transition Readiness ETF has a 1-year low of $63.58 and a 1-year high of $80.88. The stock has a market capitalization of $1.52 billion, a P/E ratio of 25.46 and a beta of 1.02.

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.