BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Short Interest Down 41.5% in July

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 15,407 shares, a drop of 41.5% from the July 15th total of 26,323 shares. Based on an average daily volume of 21,851 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

NYSEARCA:LCTU traded up $0.45 during trading hours on Wednesday, reaching $83.07. The company’s stock had a trading volume of 4,833 shares, compared to its average volume of 56,622. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The firm has a 50-day simple moving average of $80.60 and a 200-day simple moving average of $77.02. BlackRock U.S. Carbon Transition Readiness ETF has a 1 year low of $67.95 and a 1 year high of $83.80.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in BlackRock U.S. Carbon Transition Readiness ETF by 266.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,898 shares of the company’s stock worth $1,630,000 after acquiring an additional 19,561 shares during the last quarter. Jane Street Group LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the first quarter valued at approximately $797,000. First Trust Advisors LP bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at approximately $217,000. Raymond James Financial Inc. boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 27.9% during the second quarter. Raymond James Financial Inc. now owns 9,040 shares of the company’s stock valued at $608,000 after purchasing an additional 1,972 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 26.9% during the second quarter. Orion Porfolio Solutions LLC now owns 40,393 shares of the company’s stock valued at $2,717,000 after purchasing an additional 8,562 shares during the period.

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.