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) was the target of a significant decline in short interest in 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 short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 3.7% during the fourth quarter. LPL Financial LLC now owns 1,223,595 shares of the company’s stock valued at $90,657,000 after purchasing an additional 43,128 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 22.4% during the third quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock worth $56,905,000 after buying an additional 143,335 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock worth $42,674,000 after buying an additional 574,828 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.2% during the fourth quarter. Park Avenue Securities LLC now owns 471,671 shares of the company’s stock worth $34,947,000 after buying an additional 5,807 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 9.5% during the fourth quarter. MML Investors Services LLC now owns 253,028 shares of the company’s stock worth $18,747,000 after buying an additional 21,873 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

LCTU traded up $0.34 during trading on Friday, hitting $79.38. 20,971 shares of the stock traded hands, compared to its average volume of 39,510. BlackRock U.S. Carbon Transition Readiness ETF has a twelve month low of $64.48 and a twelve month high of $81.26. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The business has a 50 day moving average price of $77.27 and a 200 day moving average price of $74.94.

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.