Short Interest in iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Drops By 86.5%

iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,357 shares, a decrease of 86.5% from the December 15th total of 10,041 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 16,648 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 16,648 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new stake in iShares LifePath Target Date 2045 ETF in the first quarter valued at approximately $34,000. Sunbelt Securities Inc. grew its holdings in iShares LifePath Target Date 2045 ETF by 2,054.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,607 shares of the company’s stock worth $94,000 after acquiring an additional 2,486 shares during the period. Finally, Susquehanna International Group LLP raised its position in shares of iShares LifePath Target Date 2045 ETF by 38.4% in the 3rd quarter. Susquehanna International Group LLP now owns 9,001 shares of the company’s stock worth $323,000 after acquiring an additional 2,496 shares in the last quarter.

iShares LifePath Target Date 2045 ETF Price Performance

ITDE stock traded up $0.14 during midday trading on Monday, reaching $37.12. 19,786 shares of the stock were exchanged, compared to its average volume of 19,627. iShares LifePath Target Date 2045 ETF has a 52 week low of $27.42 and a 52 week high of $37.12. The company has a fifty day moving average price of $36.42 and a 200 day moving average price of $35.51. The stock has a market capitalization of $54.94 million, a PE ratio of 20.03 and a beta of 0.82.

iShares LifePath Target Date 2045 ETF Company Profile

The iShares LifePath Target Date 2045 ETF USD (ITDE) is an exchange-traded fund that mostly invests in target date asset allocation. The fund is an actively managed fund-of-funds that invests in equity, fixed income, and money market ETFs using an asset allocation strategy that shifts exposure as the target retirement date approaches. The fund is intended for investors who anticipate retiring around 2045 ITDE was launched on Oct 17, 2023 and is issued by BlackRock.