BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) Stock Short Interest Declines 58.3%

BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 41,203 shares, a drop of 58.3% from the August 31st total of 98,896 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 12,534 shares, the short-interest ratio is currently 3.3 days.

BlackRock World ex U.S. Carbon Transition Readiness ETF Price Performance

LCTD traded down $0.42 on Tuesday, reaching $58.18. 5,296 shares of the stock were exchanged, compared to its average volume of 17,727. The company’s 50-day moving average price is $59.44 and its 200 day moving average price is $58.10. The firm has a market capitalization of $296.72 million, a PE ratio of 17.23 and a beta of 0.79. BlackRock World ex U.S. Carbon Transition Readiness ETF has a fifty-two week low of $51.92 and a fifty-two week high of $60.77.

Institutional Investors Weigh In On BlackRock World ex U.S. Carbon Transition Readiness ETF

Large investors have recently bought and sold shares of the company. Capital Analysts LLC lifted its position in BlackRock World ex U.S. Carbon Transition Readiness ETF by 18.3% during the second quarter. Capital Analysts LLC now owns 2,012 shares of the company’s stock valued at $116,000 after purchasing an additional 311 shares during the period. NewEdge Advisors LLC grew its position in BlackRock World ex U.S. Carbon Transition Readiness ETF by 31.1% during the 2nd quarter. NewEdge Advisors LLC now owns 9,764 shares of the company’s stock worth $563,000 after purchasing an additional 2,316 shares during the period. Concurrent Investment Advisors LLC grew its position in BlackRock World ex U.S. Carbon Transition Readiness ETF by 3.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,337 shares of the company’s stock worth $308,000 after purchasing an additional 194 shares during the period. Royal Bank of Canada raised its stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF by 21.7% during the 1st quarter. Royal Bank of Canada now owns 30,439 shares of the company’s stock valued at $1,683,000 after buying an additional 5,419 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF in the 1st quarter valued at about $343,000.

BlackRock World ex U.S. Carbon Transition Readiness ETF Company Profile

The BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is an exchange-traded fund that is based on the MSCI World ex USA index. The fund is an actively managed fund that targets companies in developed markets outside of the US that are considered to be equipped for a low-carbon economy transition. LCTD was launched on Apr 6, 2021 and is managed by BlackRock.