Short Interest in iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) Drops By 66.9%

iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,509 shares, a decrease of 66.9% from the August 15th total of 7,578 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 3,557 shares, the short-interest ratio is currently 0.7 days.

iShares LifePath Target Date 2065 ETF Price Performance

Shares of NYSEARCA ITDI traded down $0.33 during midday trading on Monday, reaching $42.58. 4,156 shares of the stock traded hands, compared to its average volume of 4,188. The stock has a market capitalization of $27.25 million, a PE ratio of 20.19 and a beta of 0.89. iShares LifePath Target Date 2065 ETF has a one year low of $35.92 and a one year high of $43.70. The company’s 50 day moving average is $42.61 and its 200 day moving average is $40.92.

Hedge Funds Weigh In On iShares LifePath Target Date 2065 ETF

A hedge fund recently raised its position in iShares LifePath Target Date 2065 ETF stock. Heck Capital Advisors LLC grew its holdings in iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) by 24.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,832 shares of the company’s stock after buying an additional 2,307 shares during the period. Heck Capital Advisors LLC owned approximately 1.85% of iShares LifePath Target Date 2065 ETF worth $499,000 as of its most recent filing with the Securities & Exchange Commission.

iShares LifePath Target Date 2065 ETF Company Profile

The iShares LifePath Target Date 2065 ETF (ITDI) 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 2065 ITDI was launched on Oct 17, 2023 and is issued by BlackRock.