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

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 28,008 shares, an increase of 22.3% from the January 15th total of 22,901 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 21,965 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 21,965 shares, the short-interest ratio is currently 1.3 days. Approximately 1.4% of the shares of the company are short sold.

iShares LifePath Target Date 2040 ETF Trading Up 0.2%

Shares of ITDD stock opened at $36.56 on Thursday. iShares LifePath Target Date 2040 ETF has a 12 month low of $27.55 and a 12 month high of $36.85. The company has a market capitalization of $72.39 million, a P/E ratio of 20.77 and a beta of 0.74. The stock has a 50 day moving average of $35.92 and a two-hundred day moving average of $35.23.

Institutional Investors Weigh In On iShares LifePath Target Date 2040 ETF

Several institutional investors and hedge funds have recently bought and sold shares of ITDD. Capital Advisors Ltd. LLC bought a new position in shares of iShares LifePath Target Date 2040 ETF during the 4th quarter worth about $41,000. Sunbelt Securities Inc. acquired a new position in iShares LifePath Target Date 2040 ETF in the third quarter worth about $79,000. McIlrath & Eck LLC raised its position in iShares LifePath Target Date 2040 ETF by 7,953.1% in the fourth quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock worth $91,000 after purchasing an additional 2,545 shares in the last quarter. Bellwether Advisors LLC bought a new position in iShares LifePath Target Date 2040 ETF during the fourth quarter worth about $249,000. Finally, Jane Street Group LLC acquired a new stake in iShares LifePath Target Date 2040 ETF during the fourth quarter valued at approximately $638,000.

About iShares LifePath Target Date 2040 ETF

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.