Short Interest in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) Rises By 89.8%

iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 7,937 shares, a growth of 89.8% from the December 15th total of 4,182 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 15,663 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 15,663 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the shares of the stock are short sold.

iShares LifePath Target Date 2050 ETF Price Performance

Shares of iShares LifePath Target Date 2050 ETF stock traded up $0.02 on Friday, hitting $38.20. The company had a trading volume of 14,664 shares, compared to its average volume of 19,169. The company has a market cap of $51.95 million, a PE ratio of 20.56 and a beta of 0.85. iShares LifePath Target Date 2050 ETF has a 52 week low of $27.29 and a 52 week high of $38.37. The business has a 50-day simple moving average of $37.44 and a 200-day simple moving average of $36.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares LifePath Target Date 2050 ETF stock. Citadel Advisors LLC raised its position in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) by 78.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,107 shares of the company’s stock after purchasing an additional 6,208 shares during the quarter. Citadel Advisors LLC owned approximately 1.24% of iShares LifePath Target Date 2050 ETF worth $518,000 at the end of the most recent quarter.

About iShares LifePath Target Date 2050 ETF

The iShares LifePath Target Date 2050 ETF USD (ITDF) 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 2050. ITDF was launched on Oct 17, 2023 and is issued by BlackRock.