BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Short Interest Up 341.0% in June

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the recipient of a large increase in short interest in 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 volume of 23,564 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the stock are short sold.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

LCTU opened at $80.59 on Tuesday. The firm has a market capitalization of $1.49 billion, a P/E ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a one year low of $67.29 and a one year high of $81.27. The company has a fifty day moving average price of $79.56 and a 200-day moving average price of $75.81.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Centurion Wealth Management LLC increased its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 6,220 shares of the company’s stock worth $499,000 after acquiring an additional 169 shares during the last quarter. Focus Financial Network Inc. boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 61.7% during the 2nd quarter. Focus Financial Network Inc. now owns 8,369 shares of the company’s stock valued at $671,000 after acquiring an additional 3,192 shares during the last quarter. Sax Wealth Advisors LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter valued at about $241,000. Ehrlich Financial Group grew its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 7.7% during the second quarter. Ehrlich Financial Group now owns 3,244 shares of the company’s stock worth $260,000 after purchasing an additional 232 shares in the last quarter. Finally, Contango Wealth Management LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth about $649,000.

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.