BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Stock Short Interest Rises 1,022.7%

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 22,353 shares, a growth of 1,022.7% from the September 30th total of 1,991 shares. Based on an average daily volume of 29,439 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

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

Hedge funds have recently bought and sold shares of the business. West Branch Capital LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the third quarter valued at $25,000. Mather Group LLC. bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 3rd quarter valued at about $25,000. Wellington Grp LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter valued at about $27,000. NewEdge Advisors LLC lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 11.9% in the 1st 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 in the last quarter. Finally, Western Wealth Management LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at about $28,000.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

Shares of NYSEARCA LCTU traded up $0.32 during trading on Tuesday, hitting $82.10. 3,276 shares of the company traded hands, compared to its average volume of 54,369. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The business’s fifty day moving average is $82.38 and its 200 day moving average is $78.14. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $67.95 and a fifty-two week high of $83.80.

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.