iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Up 128.0% in August

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 29,702 shares, a growth of 128.0% from the August 15th total of 13,027 shares. Based on an average daily volume of 14,450 shares, the short-interest ratio is presently 2.1 days. Currently, 1.1% of the company’s shares are sold short.

iShares LifePath Target Date 2040 ETF Stock Down 0.4%

NYSEARCA:ITDD traded down $0.14 on Tuesday, hitting $38.43. The stock had a trading volume of 3,691 shares, compared to its average volume of 20,980. The company has a fifty day moving average price of $38.75 and a two-hundred day moving average price of $37.64. iShares LifePath Target Date 2040 ETF has a 1-year low of $34.08 and a 1-year high of $39.47. The stock has a market cap of $104.52 million, a price-to-earnings ratio of 20.77 and a beta of 0.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Bellwether Advisors LLC bought a new position in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,084 shares of the company’s stock, valued at approximately $249,000. Bellwether Advisors LLC owned about 0.36% 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.