BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Short Interest Update

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 27,154 shares, a growth of 341.0% from the June 15th total of 6,158 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 23,564 shares, the days-to-cover ratio is presently 1.2 days.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

Shares of LCTU traded up $0.36 during midday trading on Friday, hitting $81.21. The stock had a trading volume of 12,288 shares, compared to its average volume of 37,120. BlackRock U.S. Carbon Transition Readiness ETF has a 1 year low of $67.29 and a 1 year high of $81.27. The firm has a market cap of $1.50 billion, a PE ratio of 25.46 and a beta of 1.02. The stock’s 50 day moving average is $79.49 and its 200 day moving average is $75.76.

Institutional Trading of BlackRock U.S. Carbon Transition Readiness ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LCTU. Asempa Wealth Advisors purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at approximately $846,000. Merit Financial Group LLC raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 30.5% in the fourth quarter. Merit Financial Group LLC now owns 44,223 shares of the company’s stock worth $3,277,000 after buying an additional 10,348 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 349.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 20,388 shares of the company’s stock worth $1,511,000 after acquiring an additional 15,856 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 worth $56,905,000 after acquiring an additional 143,335 shares during the last quarter. Finally, Archer Investment Management LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter valued at $1,195,000.

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.