BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Short Interest Down 47.9% in June

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

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

A number of large investors have recently added to or reduced their stakes in LCTU. Wellington Grp LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter worth about $27,000. NewEdge Advisors LLC raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 11.9% during the 1st quarter. NewEdge Advisors LLC now owns 40,506 shares of the company’s stock valued at $28,000 after buying an additional 4,313 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at about $28,000. Camelot Portfolios LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter valued at about $30,000. Finally, Clean Yield Group bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth approximately $31,000.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.0%

Shares of NYSEARCA LCTU traded up $0.03 during mid-day trading on Wednesday, reaching $80.19. 20,243 shares of the company were exchanged, compared to its average volume of 37,914. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $67.14 and a 52 week high of $81.26. The stock has a market capitalization of $1.48 billion, a PE ratio of 25.46 and a beta of 1.02. The company’s 50 day moving average price is $78.87 and its 200 day moving average price is $75.44.

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.