BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Short Interest Up 125.3% in May

by · The Markets Daily

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 30,321 shares, an increase of 125.3% from the April 30th total of 13,458 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 26,811 shares, the days-to-cover ratio is currently 1.1 days.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

Shares of LCTU traded up $0.30 during mid-day trading on Monday, reaching $81.06. The stock had a trading volume of 38,320 shares, compared to its average volume of 40,845. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a 12 month low of $63.72 and a 12 month high of $81.26. The business has a fifty day moving average of $75.53 and a 200 day moving average of $74.50.

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

Hedge funds have recently modified their holdings of the company. Wellington Grp LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the first quarter worth $27,000. NewEdge Advisors LLC lifted its holdings in shares of 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 worth $28,000 after buying an additional 4,313 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the first quarter worth $28,000. Camelot Portfolios LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth $30,000. Finally, Clean Yield Group purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth $31,000.

About BlackRock U.S. Carbon Transition Readiness ETF

(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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