Short Interest in BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) Declines By 48.5%

BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 10,992 shares, a drop of 48.5% from the May 14th total of 21,338 shares. Based on an average trading volume of 32,816 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

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

Hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the 4th quarter valued at $35,000. Fifth Third Bancorp acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the 1st quarter valued at $41,000. Raymond James Financial Inc. acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the 2nd quarter valued at $76,000. Godfrey Financial Associates Inc. acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the 4th quarter valued at $88,000. Finally, Advisory Services Network LLC acquired a new position in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the 3rd quarter valued at $105,000.

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

LCTD opened at $57.84 on Tuesday. BlackRock World ex U.S. Carbon Transition Readiness ETF has a 12 month low of $48.94 and a 12 month high of $60.28. The stock has a market cap of $238.30 million, a P/E ratio of 17.23 and a beta of 0.79. The stock’s 50 day moving average price is $58.01 and its 200 day moving average price is $56.83.

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.