BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,991 shares, a decrease of 89.0% from the September 15th total of 18,100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 117,476 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF
Hedge funds have recently made changes to their positions in the business. Traveka Wealth LLC grew its stake 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 worth $560,000 after purchasing an additional 164 shares during the period. Centurion Wealth Management LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 2.8% in the second quarter. Centurion Wealth Management LLC now owns 6,220 shares of the company’s stock worth $499,000 after purchasing an additional 169 shares in the last quarter. Ehrlich Financial Group lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 7.7% during the second quarter. Ehrlich Financial Group now owns 3,244 shares of the company’s stock valued at $260,000 after buying an additional 232 shares during the period. Wellington Grp LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at $27,000. Finally, Western Wealth Management LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at $28,000.
BlackRock U.S. Carbon Transition Readiness ETF Stock Performance
Shares of NYSEARCA LCTU traded up $0.47 during trading hours on Friday, hitting $83.33. The company’s stock had a trading volume of 24,061 shares, compared to its average volume of 55,796. BlackRock U.S. Carbon Transition Readiness ETF has a 12 month low of $67.95 and a 12 month high of $83.80. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The business has a 50-day simple moving average of $82.53 and a 200-day simple moving average of $79.36.
About BlackRock U.S. Carbon Transition Readiness ETF
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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