BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 11,987 shares, a drop of 36.6% from the August 15th total of 18,911 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 19,144 shares, the days-to-cover ratio is currently 0.6 days.
BlackRock U.S. Carbon Transition Readiness ETF Trading Down 0.0%
Shares of BlackRock U.S. Carbon Transition Readiness ETF stock opened at $81.71 on Friday. The business’s fifty day moving average price is $81.78 and its 200 day moving average price is $78.29. BlackRock U.S. Carbon Transition Readiness ETF has a twelve month low of $67.95 and a twelve month high of $83.80. The stock has a market capitalization of $1.23 billion, a P/E ratio of 25.46 and a beta of 1.02.
Institutional Trading of BlackRock U.S. Carbon Transition Readiness ETF
A number of institutional investors have recently modified their holdings of the company. Traveka Wealth LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 2.1% in the first quarter. Traveka Wealth LLC now owns 7,986 shares of the company’s stock valued at $560,000 after buying an additional 164 shares during the period. Centurion Wealth Management LLC grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2.8% during the second quarter. Centurion Wealth Management LLC now owns 6,220 shares of the company’s stock worth $499,000 after buying an additional 169 shares during the period. Ehrlich Financial Group increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 7.7% in the second quarter. Ehrlich Financial Group now owns 3,244 shares of the company’s stock worth $260,000 after acquiring an additional 232 shares in the last quarter. Wellington Grp LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the first quarter worth $27,000. Finally, Western Wealth Management LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter valued at $28,000.
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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