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 September. As of September 15th, there was short interest totaling 18,100 shares, a growth of 51.0% from the August 31st total of 11,987 shares. Based on an average daily volume of 19,100 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s shares are sold short.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.1%

LCTU stock traded up $0.11 during midday trading on Thursday, hitting $81.78. 34,033 shares of the company’s stock were exchanged, compared to its average volume of 56,552. BlackRock U.S. Carbon Transition Readiness ETF has a 1-year low of $67.95 and a 1-year high of $83.80. The stock has a market capitalization of $1.18 billion, a PE ratio of 25.46 and a beta of 1.02. The business has a 50-day simple moving average of $82.07 and a two-hundred day simple moving average of $78.84.

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

Several institutional investors have recently modified their holdings of LCTU. Envestnet Asset Management Inc. increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 362.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,484,323 shares of the company’s stock valued at $1,642,023,000 after acquiring an additional 16,059,516 shares during the period. Advisory Solutions Group LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at approximately $7,638,000. Cornerstone Planning Group LLC raised its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 6,906.0% during the first quarter. Cornerstone Planning Group LLC now owns 10,509 shares of the company’s stock worth $811,000 after purchasing an additional 10,359 shares during the last quarter. Contango Wealth Management LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth $649,000. Finally, Integrated Wealth Concepts LLC grew its position in BlackRock U.S. Carbon Transition Readiness ETF by 150.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 152,671 shares of the company’s stock valued at $12,238,000 after buying an additional 91,770 shares during the last quarter.

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.