BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 15,407 shares, a decline of 41.5% from the July 15th total of 26,323 shares. Based on an average trading volume of 21,851 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF
Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake 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 valued at $1,630,000 after purchasing 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 in the first quarter worth approximately $797,000. First Trust Advisors LP bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at approximately $217,000. Raymond James Financial Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 27.9% in the 2nd quarter. Raymond James Financial Inc. now owns 9,040 shares of the company’s stock worth $608,000 after acquiring an additional 1,972 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 26.9% in 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 last quarter.
BlackRock U.S. Carbon Transition Readiness ETF Stock Performance
Shares of LCTU traded down $0.50 during mid-day trading on Tuesday, reaching $82.62. The company had a trading volume of 20,973 shares, compared to its average volume of 56,964. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $67.95 and a 52 week high of $83.80. The company 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 moving average price of $80.53 and a 200 day moving average price of $76.96.
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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