BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Shares Shorted: Short Interest Up 51.0% in September

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 18,100 shares, an increase of 51.0% from the August 31st total of 11,987 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 19,100 shares, the short-interest ratio is currently 0.9 days.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 1.0%

Shares of LCTU traded up $0.84 during trading hours on Friday, reaching $82.51. The company’s stock had a trading volume of 1,226 shares, compared to its average volume of 56,552. The company has a 50 day moving average of $82.11 and a two-hundred day moving average of $78.91. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a 1-year low of $67.95 and a 1-year high of $83.80.

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

Several hedge funds and other institutional investors have recently modified their holdings of LCTU. Envestnet Asset Management Inc. raised its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 362.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,484,323 shares of the company’s stock worth $1,642,023,000 after purchasing an additional 16,059,516 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 33.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,129,793 shares of the company’s stock valued at $90,564,000 after acquiring an additional 286,176 shares during the last quarter. NorthRock Partners LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter worth approximately $26,952,000. Integrated Wealth Concepts LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 150.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 152,671 shares of the company’s stock worth $12,238,000 after purchasing an additional 91,770 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter valued at $11,267,000.

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.