iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Update

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 22,901 shares, a drop of 44.9% from the December 31st total of 41,537 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,170 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 32,170 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.2% of the shares of the stock are short sold.

iShares LifePath Target Date 2040 ETF Price Performance

Shares of ITDD traded down $0.23 on Friday, hitting $36.09. The company’s stock had a trading volume of 8,025 shares, compared to its average volume of 27,011. The company has a 50 day moving average price of $35.72 and a 200 day moving average price of $34.94. The company has a market capitalization of $71.46 million, a PE ratio of 20.77 and a beta of 0.74. iShares LifePath Target Date 2040 ETF has a fifty-two week low of $27.55 and a fifty-two week high of $36.47.

Institutional Trading of iShares LifePath Target Date 2040 ETF

A hedge fund recently bought a new stake in iShares LifePath Target Date 2040 ETF stock. Capital Advisors Ltd. LLC acquired a new stake in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,177 shares of the company’s stock, valued at approximately $41,000. Capital Advisors Ltd. LLC owned about 0.06% of iShares LifePath Target Date 2040 ETF as of its most recent SEC filing.

iShares LifePath Target Date 2040 ETF Company Profile

The iShares LifePath Target Date 2040 ETF (ITDD) 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 2040 ITDD was launched on Oct 17, 2023 and is issued by BlackRock.