BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) Short Interest Update

BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 17,718 shares, a growth of 72.7% from the March 15th total of 10,261 shares. Based on an average trading volume of 8,779 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the shares of the stock are short sold.

BlackRock World ex U.S. Carbon Transition Readiness ETF Stock Down 0.3%

NYSEARCA:LCTD traded down $0.19 during midday trading on Monday, hitting $57.84. The company had a trading volume of 1,362 shares, compared to its average volume of 8,104. BlackRock World ex U.S. Carbon Transition Readiness ETF has a 52-week low of $45.01 and a 52-week high of $60.28. The stock’s fifty day moving average price is $57.06 and its 200-day moving average price is $55.46. The company has a market capitalization of $238.30 million, a PE ratio of 17.23 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC purchased a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF in the fourth quarter worth $35,000. Raymond James Financial Inc. purchased a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF in the second quarter worth $76,000. Godfrey Financial Associates Inc. purchased a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF in the fourth quarter worth $88,000. Advisory Services Network LLC purchased a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF in the third quarter worth $105,000. Finally, CoreCap Advisors LLC grew its position in BlackRock World ex U.S. Carbon Transition Readiness ETF by 11.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,604 shares of the company’s stock worth $142,000 after acquiring an additional 271 shares in the last quarter.

About BlackRock World ex U.S. Carbon Transition Readiness ETF

The BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is an exchange-traded fund that is based on the MSCI World ex USA index. The fund is an actively managed fund that targets companies in developed markets outside of the US that are considered to be equipped for a low-carbon economy transition. LCTD was launched on Apr 6, 2021 and is managed by BlackRock.