BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) Sees Large Increase in Short Interest

BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 15,023 shares, an increase of 2,499.1% from the December 15th total of 578 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 9,530 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 9,530 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF during the 2nd quarter worth approximately $41,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the second quarter worth $75,000. Raymond James Financial Inc. acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the second quarter worth $76,000. Advisory Services Network LLC purchased a new position in BlackRock World ex U.S. Carbon Transition Readiness ETF in the third quarter valued at $105,000. Finally, CoreCap Advisors LLC raised its stake in BlackRock World ex U.S. Carbon Transition Readiness ETF by 11.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,604 shares of the company’s stock valued at $142,000 after buying an additional 271 shares in the last quarter.

BlackRock World ex U.S. Carbon Transition Readiness ETF Trading Down 0.4%

Shares of NYSEARCA LCTD opened at $56.25 on Wednesday. BlackRock World ex U.S. Carbon Transition Readiness ETF has a 12-month low of $41.26 and a 12-month high of $56.51. The stock has a market cap of $231.75 million, a P/E ratio of 17.23 and a beta of 0.82. The business’s fifty day simple moving average is $54.46 and its 200-day simple moving average is $53.08.

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.