BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) Short Interest Up 771.1% in June

BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 86,444 shares, a growth of 771.1% from the June 15th total of 9,923 shares. Based on an average daily volume of 67,432 shares, the short-interest ratio is presently 1.3 days. Currently, 1.8% of the company’s shares are sold short.

BlackRock World ex U.S. Carbon Transition Readiness ETF Price Performance

Shares of NYSEARCA LCTD opened at $58.02 on Monday. The company has a market capitalization of $278.50 million, a P/E ratio of 17.23 and a beta of 0.79. The company has a 50 day simple moving average of $57.94 and a 200-day simple moving average of $57.27. BlackRock World ex U.S. Carbon Transition Readiness ETF has a 1 year low of $49.33 and a 1 year high of $60.28.

Institutional Investors Weigh In On BlackRock World ex U.S. Carbon Transition Readiness ETF

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF by 21.7% in the 1st quarter. Royal Bank of Canada now owns 30,439 shares of the company’s stock worth $1,683,000 after acquiring an additional 5,419 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in BlackRock World ex U.S. Carbon Transition Readiness ETF in the 1st quarter valued at approximately $343,000. Cornerstone Planning Group LLC raised its position in BlackRock World ex U.S. Carbon Transition Readiness ETF by 8,769.6% in the first quarter. Cornerstone Planning Group LLC now owns 2,040 shares of the company’s stock valued at $118,000 after purchasing an additional 2,017 shares during the period. Sofi Wealth LLC raised its position in 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 valued at $1,468,000 after purchasing an additional 4,515 shares during the period. Finally, Fifth Third Bancorp acquired a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF during the first quarter worth $41,000.

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.