BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 22,353 shares, a growth of 1,022.7% from the September 30th total of 1,991 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,439 shares, the short-interest ratio is presently 0.8 days.
Institutional Trading of BlackRock U.S. Carbon Transition Readiness ETF
Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 362.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,484,323 shares of the company’s stock worth $1,642,023,000 after purchasing an additional 16,059,516 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 33.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,129,793 shares of the company’s stock worth $90,564,000 after purchasing an additional 286,176 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the third quarter valued at approximately $31,934,000. NorthRock Partners LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at approximately $26,952,000. Finally, Integrated Wealth Concepts LLC lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 150.7% during the second quarter. Integrated Wealth Concepts LLC now owns 152,671 shares of the company’s stock worth $12,238,000 after buying an additional 91,770 shares in the last quarter.
BlackRock U.S. Carbon Transition Readiness ETF Stock Performance
Shares of NYSEARCA:LCTU traded up $0.50 during midday trading on Monday, hitting $81.78. The company’s stock had a trading volume of 59,268 shares, compared to its average volume of 54,619. The company has a market cap of $1.18 billion, a P/E ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a 12-month low of $67.95 and a 12-month high of $83.80. The business’s 50 day simple moving average is $82.38 and its 200 day simple moving average is $78.14.
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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