iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD – Get Free Report) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 15,716 shares, a decrease of 34.9% from the February 26th total of 24,130 shares. Based on an average daily trading volume, of 18,048 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in shares of iShares LifePath Target Date 2040 ETF during the third quarter valued at approximately $79,000. Capital Advisors Ltd. LLC purchased a new position in iShares LifePath Target Date 2040 ETF during the fourth quarter valued at $41,000. McIlrath & Eck LLC lifted its position in iShares LifePath Target Date 2040 ETF by 7,953.1% during the fourth quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock valued at $91,000 after buying an additional 2,545 shares during the period. Bellwether Advisors LLC bought a new stake in shares of iShares LifePath Target Date 2040 ETF during the 4th quarter valued at $249,000. Finally, Jane Street Group LLC purchased a new stake in shares of iShares LifePath Target Date 2040 ETF in the 4th quarter worth about $638,000.
iShares LifePath Target Date 2040 ETF Price Performance
Shares of ITDD opened at $34.18 on Friday. The company has a 50-day simple moving average of $35.97 and a two-hundred day simple moving average of $35.56. The firm has a market capitalization of $67.68 million, a PE ratio of 20.77 and a beta of 0.74. iShares LifePath Target Date 2040 ETF has a one year low of $27.55 and a one year high of $37.00.
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.
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