BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Large Drop in Short Interest

by · The Markets Daily

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,991 shares, a drop of 89.0% from the September 15th total of 18,100 shares. Based on an average trading volume of 117,476 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 362.9% in the second quarter. Envestnet Asset Management Inc. now owns 20,484,323 shares of the company’s stock worth $1,642,023,000 after acquiring an additional 16,059,516 shares in the last quarter. Advisory Solutions Group LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at $7,638,000. Waverly Advisors LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter worth about $7,359,000. Sequoia Financial Advisors LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter valued at about $11,267,000. Finally, Cornerstone Planning Group LLC grew its position in BlackRock U.S. Carbon Transition Readiness ETF by 6,906.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 10,509 shares of the company’s stock valued at $811,000 after purchasing an additional 10,359 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.6%

Shares of NYSEARCA LCTU traded up $0.47 on Friday, reaching $83.33. 24,061 shares of the company’s stock traded hands, compared to its average volume of 55,796. BlackRock U.S. Carbon Transition Readiness ETF has a 12 month low of $67.95 and a 12 month high of $83.80. The business’s 50 day simple moving average is $82.53 and its two-hundred day simple moving average is $79.36. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

BlackRock U.S. Carbon Transition Readiness ETF Company Profile

(Get Free Report)

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.

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