Short Interest in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Declines By 61.0%

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 11,820 shares, a decline of 61.0% from the May 14th total of 30,321 shares. Based on an average daily volume of 74,051 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

Shares of BlackRock U.S. Carbon Transition Readiness ETF stock traded up $0.34 during trading on Friday, hitting $79.38. The company’s stock had a trading volume of 20,971 shares, compared to its average volume of 39,510. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $64.48 and a 52 week high of $81.26. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The stock has a 50-day moving average price of $77.27 and a two-hundred day moving average price of $74.94.

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

A number of institutional investors have recently bought and sold shares of LCTU. Wellington Grp LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter valued at $27,000. NewEdge Advisors LLC boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 11.9% during the first quarter. NewEdge Advisors LLC now owns 40,506 shares of the company’s stock valued at $28,000 after acquiring an additional 4,313 shares during the last quarter. Western Wealth Management LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter valued at $28,000. Camelot Portfolios LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at $30,000. Finally, Clean Yield Group bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at $31,000.

BlackRock U.S. Carbon Transition Readiness ETF Company Profile

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.