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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 27,154 shares, an increase of 341.0% from the June 15th total of 6,158 shares. Based on an average daily trading volume, of 23,564 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the company are short sold.

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

Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 3.7% in the 4th quarter. LPL Financial LLC now owns 1,223,595 shares of the company’s stock worth $90,657,000 after acquiring an additional 43,128 shares during the period. JPMorgan Chase & Co. grew its position in BlackRock U.S. Carbon Transition Readiness ETF by 22.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock worth $56,905,000 after purchasing an additional 143,335 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock valued at $42,674,000 after purchasing an additional 574,828 shares during the period. Park Avenue Securities LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.2% in the fourth quarter. Park Avenue Securities LLC now owns 471,671 shares of the company’s stock valued at $34,947,000 after purchasing an additional 5,807 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 9.5% during the fourth quarter. MML Investors Services LLC now owns 253,028 shares of the company’s stock valued at $18,747,000 after buying an additional 21,873 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 0.8%

Shares of LCTU traded down $0.62 during mid-day trading on Monday, hitting $80.59. The stock had a trading volume of 3,583,958 shares, compared to its average volume of 64,194. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $67.29 and a fifty-two week high of $81.27. The company has a market cap of $1.49 billion, a PE ratio of 25.46 and a beta of 1.02. The company’s fifty day simple moving average is $79.49 and its two-hundred day simple moving average is $75.77.

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.