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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 11,820 shares, a decline of 61.0% from the May 14th total of 30,321 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 74,051 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.4%

Shares of NYSEARCA:LCTU traded up $0.34 during trading on Friday, hitting $79.38. 20,971 shares of the stock were exchanged, compared to its average volume of 39,510. The company has a fifty day moving average price of $77.27 and a two-hundred day moving average price of $74.94. The company has a market cap of $1.49 billion, a PE ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a 12-month low of $64.48 and a 12-month high of $81.26.

Institutional Investors Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CreativeOne Wealth LLC lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 0.7% in the 4th quarter. CreativeOne Wealth LLC now owns 20,787 shares of the company’s stock valued at $1,540,000 after buying an additional 141 shares in the last quarter. Traveka Wealth LLC lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2.1% in the 1st quarter. Traveka Wealth LLC now owns 7,986 shares of the company’s stock valued at $560,000 after buying an additional 164 shares in the last quarter. AQR Capital Management LLC lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 3.1% in the 4th quarter. AQR Capital Management LLC now owns 5,568 shares of the company’s stock valued at $413,000 after buying an additional 167 shares in the last quarter. Capital Analysts LLC lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2.3% in the 4th quarter. Capital Analysts LLC now owns 9,546 shares of the company’s stock valued at $708,000 after buying an additional 212 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 61,896 shares of the company’s stock valued at $4,586,000 after buying an additional 225 shares in 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.