Short Interest in iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) Rises By 302.7%

iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 17,038 shares, a growth of 302.7% from the June 15th total of 4,231 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 16,281 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On iShares LifePath Target Date 2035 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in iShares LifePath Target Date 2035 ETF in the 4th quarter worth $102,000. Creative Planning purchased a new position in shares of iShares LifePath Target Date 2035 ETF in the third quarter valued at about $203,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of iShares LifePath Target Date 2035 ETF during the first quarter valued at about $345,000.

iShares LifePath Target Date 2035 ETF Trading Down 0.8%

Shares of NYSEARCA:ITDC traded down $0.30 during trading on Monday, reaching $36.43. 10,857 shares of the company traded hands, compared to its average volume of 23,331. The firm has a market capitalization of $107.10 million, a price-to-earnings ratio of 20.04 and a beta of 0.65. iShares LifePath Target Date 2035 ETF has a 52-week low of $32.00 and a 52-week high of $36.91. The business’s fifty day moving average is $36.40 and its 200-day moving average is $35.26.

iShares LifePath Target Date 2035 ETF Company Profile

The iShares LifePath Target Date 2035 ETF USD (ITDC) 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 2035 ITDC was launched on Oct 17, 2023 and is issued by BlackRock.