BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Shares Shorted: Short Interest Up 1,022.7% in October

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 22,353 shares, a growth of 1,022.7% from the September 30th total of 1,991 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 29,439 shares, the days-to-cover ratio is currently 0.8 days.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.2%

Shares of NYSEARCA:LCTU traded up $0.15 during trading on Wednesday, reaching $82.43. The stock had a trading volume of 73,111 shares, compared to its average volume of 54,513. The stock has a fifty day simple moving average of $82.36 and a two-hundred day simple moving average of $78.18. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $67.95 and a 52 week high of $83.80. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Soltis Investment Advisors LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the third quarter valued at about $407,000. Balance Wealth Partners LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the third quarter worth about $142,000. Park Avenue Securities LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the third quarter worth about $31,934,000. Sigma Planning Corp bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the third quarter worth about $205,000. Finally, Sharkey Howes & Javer lifted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 0.9% during the 3rd quarter. Sharkey Howes & Javer now owns 56,336 shares of the company’s stock worth $4,601,000 after purchasing an additional 526 shares during 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.