BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Significant Drop in Short Interest

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,991 shares, a decrease of 89.0% from the September 15th total of 18,100 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 117,476 shares, the short-interest ratio is currently 0.0 days.

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

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

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

NYSEARCA:LCTU traded up $0.47 during mid-day trading on Friday, reaching $83.33. The stock had a trading volume of 24,061 shares, compared to its average volume of 55,796. The stock’s 50 day simple moving average is $82.53 and its two-hundred day simple moving average is $79.42. BlackRock U.S. Carbon Transition Readiness ETF has a 1-year low of $67.95 and a 1-year high of $83.80. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

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.