iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG – Get Free Report) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 13,449 shares, a drop of 45.7% from the May 31st total of 24,766 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 8,809 shares, the days-to-cover ratio is currently 1.5 days.
Hedge Funds Weigh In On iShares LifePath Target Date 2055 ETF
An institutional investor recently raised its stake in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. boosted its stake in iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG – Free Report) by 1,710.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,086 shares of the company’s stock after acquiring an additional 1,026 shares during the period. Sunbelt Securities Inc. owned 0.14% of iShares LifePath Target Date 2055 ETF worth $40,000 at the end of the most recent reporting period.
iShares LifePath Target Date 2055 ETF Price Performance
ITDG opened at $41.97 on Friday. The business has a 50 day simple moving average of $41.47 and a two-hundred day simple moving average of $39.51. The firm has a market capitalization of $54.56 million, a price-to-earnings ratio of 20.29 and a beta of 0.88. iShares LifePath Target Date 2055 ETF has a one year low of $34.33 and a one year high of $42.55.
iShares LifePath Target Date 2055 ETF Company Profile
The iShares LifePath Target Date 2055 ETF (ITDG) 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 2055 ITDG was launched on Oct 17, 2023 and is issued by BlackRock.
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