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

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

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

BlackRock U.S. Carbon Transition Readiness ETF stock opened at $83.53 on Monday. The company’s 50 day simple moving average is $80.45 and its 200 day simple moving average is $76.91. 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. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 266.6% during the first 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 in the last quarter. Jane Street Group LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at about $797,000. First Trust Advisors LP bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at approximately $217,000. Raymond James Financial Inc. boosted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 27.9% in the second quarter. Raymond James Financial Inc. now owns 9,040 shares of the company’s stock valued at $608,000 after buying an additional 1,972 shares during the period. Finally, Orion Porfolio Solutions LLC increased its position 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 worth $2,717,000 after acquiring an additional 8,562 shares in the last quarter.

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.