BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Stock Short Interest Jumps 51.0%

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 18,100 shares, a growth of 51.0% from the August 31st total of 11,987 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 19,100 shares, the days-to-cover ratio is presently 0.9 days.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

LCTU stock traded up $0.11 during midday trading on Thursday, hitting $81.78. 34,033 shares of the stock were exchanged, compared to its average volume of 56,552. The stock’s 50-day moving average price is $82.07 and its 200-day moving average price is $78.84. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $67.95 and a fifty-two week high of $83.80. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

Hedge funds have recently made changes to their positions in the stock. Wellington Grp LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at about $27,000. NewEdge Advisors LLC grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 11.9% in the first quarter. NewEdge Advisors LLC now owns 40,506 shares of the company’s stock worth $28,000 after purchasing an additional 4,313 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at approximately $28,000. Timbuktu Capital Management LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter worth about $37,000. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at approximately $45,000.

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.