BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) Sees Significant Decline in Short Interest

BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 10,261 shares, a decline of 27.1% from the February 26th total of 14,081 shares. Based on an average trading volume of 15,320 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LCTD. CIBC Private Wealth Group LLC bought a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF during the 4th quarter worth $35,000. Elevation Point Wealth Partners LLC bought a new stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF in the second quarter valued at about $41,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF in the second quarter valued at about $75,000. Raymond James Financial Inc. acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF in the second quarter valued at about $76,000. Finally, Godfrey Financial Associates Inc. bought a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF during the fourth quarter worth about $88,000.

BlackRock World ex U.S. Carbon Transition Readiness ETF Trading Up 0.0%

BlackRock World ex U.S. Carbon Transition Readiness ETF stock opened at $53.60 on Tuesday. The company has a market capitalization of $220.83 million, a price-to-earnings ratio of 17.23 and a beta of 0.82. BlackRock World ex U.S. Carbon Transition Readiness ETF has a 12 month low of $41.26 and a 12 month high of $60.28. The stock’s 50 day moving average is $57.13 and its 200-day moving average is $55.23.

About BlackRock World ex U.S. Carbon Transition Readiness ETF

The BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is an exchange-traded fund that is based on the MSCI World ex USA index. The fund is an actively managed fund that targets companies in developed markets outside of the US that are considered to be equipped for a low-carbon economy transition. LCTD was launched on Apr 6, 2021 and is managed by BlackRock.