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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 6,158 shares, a drop of 47.9% from the May 31st total of 11,820 shares. Based on an average daily volume of 25,247 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 1.1%

Shares of NYSEARCA LCTU opened at $79.58 on Tuesday. The firm’s fifty day moving average is $78.71 and its 200 day moving average is $75.37. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $66.97 and a 52 week high of $81.26. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

A number of hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock worth $42,674,000 after purchasing an additional 574,828 shares during the period. JPMorgan Chase & Co. increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 22.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock valued at $56,905,000 after purchasing an additional 143,335 shares during the period. Avise Financial Cooperative Inc. purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter valued at about $7,512,000. LPL Financial LLC raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 3.7% during the 4th quarter. LPL Financial LLC now owns 1,223,595 shares of the company’s stock valued at $90,657,000 after purchasing an additional 43,128 shares during the last quarter. Finally, Sofi Wealth LLC raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 24.5% during the 1st quarter. Sofi Wealth LLC now owns 121,482 shares of the company’s stock valued at $8,520,000 after purchasing an additional 23,873 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Company Profile

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.