BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Short Interest Down 36.6% in August

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 11,987 shares, a drop of 36.6% from the August 15th total of 18,911 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 19,144 shares, the days-to-cover ratio is currently 0.6 days.

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

Large investors have recently added to or reduced their stakes in the business. Wellington Grp LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth $27,000. NewEdge Advisors LLC lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 11.9% in the first quarter. NewEdge Advisors LLC now owns 40,506 shares of the company’s stock valued at $28,000 after acquiring an additional 4,313 shares during the last quarter. Western Wealth Management LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter worth approximately $28,000. Timbuktu Capital Management LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at $37,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth about $45,000.

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

LCTU stock traded up $0.91 during mid-day trading on Thursday, hitting $81.72. 19,574 shares of the company were exchanged, compared to its average volume of 52,534. The firm has a market capitalization of $1.23 billion, a P/E ratio of 25.46 and a beta of 1.02. The business has a fifty day simple moving average of $81.76 and a 200-day simple moving average of $78.21. BlackRock U.S. Carbon Transition Readiness ETF has a 12-month low of $67.95 and a 12-month high of $83.80.

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.