BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) Sees Significant Decline in Short Interest

BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 41,203 shares, a decline of 58.3% from the August 31st total of 98,896 shares. Based on an average daily volume of 12,534 shares, the short-interest ratio is presently 3.3 days. Approximately 0.8% of the shares of the stock are short sold.

BlackRock World ex U.S. Carbon Transition Readiness ETF Trading Down 0.4%

Shares of LCTD traded down $0.26 during midday trading on Monday, reaching $58.60. The stock had a trading volume of 7,598 shares, compared to its average volume of 17,794. The company has a market capitalization of $298.86 million, a price-to-earnings ratio of 17.23 and a beta of 0.79. The company’s 50-day moving average is $59.41 and its 200 day moving average is $58.09. BlackRock World ex U.S. Carbon Transition Readiness ETF has a 12-month low of $51.92 and a 12-month high of $60.77.

Institutional Trading of BlackRock World ex U.S. Carbon Transition Readiness ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Avise Financial Cooperative Inc. purchased a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF in the 4th quarter worth approximately $1,190,000. Gateway Wealth Partners LLC purchased a new stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the first quarter valued at approximately $343,000. Royal Bank of Canada boosted its stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF by 21.7% during the first quarter. Royal Bank of Canada now owns 30,439 shares of the company’s stock valued at $1,683,000 after purchasing an additional 5,419 shares during the period. Sofi Wealth LLC grew its holdings in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF by 20.5% in the first quarter. Sofi Wealth LLC now owns 26,559 shares of the company’s stock worth $1,468,000 after purchasing an additional 4,515 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF by 31.1% in the second quarter. NewEdge Advisors LLC now owns 9,764 shares of the company’s stock worth $563,000 after purchasing an additional 2,316 shares during the last quarter.

BlackRock World ex U.S. Carbon Transition Readiness ETF Company Profile

The BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is an exchange-traded fund that is based on the MSCI World ex USA index. The fund is an actively managed fund that targets companies in developed markets outside of the US that are considered to be equipped for a low-carbon economy transition. LCTD was launched on Apr 6, 2021 and is managed by BlackRock.