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 target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,158 shares, a drop of 47.9% from the May 31st total of 11,820 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 25,247 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

Shares of LCTU traded down $0.01 during midday trading on Thursday, reaching $80.18. 33,596 shares of the stock were exchanged, compared to its average volume of 37,879. BlackRock U.S. Carbon Transition Readiness ETF has a twelve month low of $67.29 and a twelve month high of $81.26. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The business’s 50-day moving average price is $78.87 and its 200 day moving average price is $75.44.

Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Grp LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter worth approximately $27,000. NewEdge Advisors LLC raised its holdings in 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 worth $28,000 after buying an additional 4,313 shares during the period. Western Wealth Management LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter valued at approximately $28,000. Camelot Portfolios LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter valued at about $30,000. Finally, Clean Yield Group acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth about $31,000.

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.