BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 6,158 shares, a decrease of 47.9% from the May 31st total of 11,820 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 25,247 shares, the days-to-cover ratio is currently 0.2 days.
BlackRock U.S. Carbon Transition Readiness ETF Stock Up 1.1%
Shares of LCTU stock opened at $79.58 on Tuesday. The stock has a fifty day moving average of $78.71 and a 200 day moving average of $75.37. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $66.97 and a 52 week high of $81.26. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in shares of 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 valued at $1,630,000 after buying an additional 19,561 shares during the period. Jane Street Group LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at approximately $797,000. First Trust Advisors LP bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter valued at approximately $217,000. Raymond James Financial Inc. boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 27.9% during the 2nd quarter. Raymond James Financial Inc. now owns 9,040 shares of the company’s stock valued at $608,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 26.9% during the 2nd 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 during the period.
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.
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