BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) Short Interest Up 771.1% in June

BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 86,444 shares, an increase of 771.1% from the June 15th total of 9,923 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 67,432 shares, the short-interest ratio is currently 1.3 days.

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

Shares of LCTD stock opened at $58.02 on Monday. BlackRock World ex U.S. Carbon Transition Readiness ETF has a 1 year low of $49.33 and a 1 year high of $60.28. The stock’s 50 day simple moving average is $57.94 and its two-hundred day simple moving average is $57.27. The company has a market cap of $278.50 million, a PE ratio of 17.23 and a beta of 0.79.

Institutional Trading of BlackRock World ex U.S. Carbon Transition Readiness ETF

Several hedge funds and other institutional investors have recently bought and sold shares of LCTD. Northwestern Mutual Wealth Management Co. raised its holdings in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF by 1,211,908.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,508,857 shares of the company’s stock worth $137,134,000 after buying an additional 2,508,650 shares during the period. JPMorgan Chase & Co. grew its stake in BlackRock World ex U.S. Carbon Transition Readiness ETF by 22.4% in the third quarter. JPMorgan Chase & Co. now owns 162,987 shares of the company’s stock valued at $8,686,000 after purchasing an additional 29,781 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the first quarter worth $1,050,000. Avise Financial Cooperative Inc. purchased a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF in the 4th quarter valued at approximately $1,190,000. Finally, Osaic Holdings Inc. lifted its stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF by 111.9% during the second quarter. Osaic Holdings Inc. now owns 18,907 shares of the company’s stock worth $942,000 after buying an additional 9,985 shares during the period.

About BlackRock World ex U.S. Carbon Transition Readiness ETF

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.