iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Sees Large Drop in Short Interest

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 23,700 shares, a drop of 26.2% from the September 30th total of 32,100 shares. Based on an average daily trading volume, of 12,400 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.7% of the company’s stock are sold short. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 12,400 shares, the days-to-cover ratio is presently 1.9 days.

iShares LifePath Target Date 2040 ETF Stock Down 0.1%

Shares of ITDD opened at $35.49 on Monday. iShares LifePath Target Date 2040 ETF has a 52-week low of $27.55 and a 52-week high of $35.94. The firm has a market cap of $50.40 million, a price-to-earnings ratio of 20.77 and a beta of 0.74. The business’s 50 day moving average is $34.90 and its two-hundred day moving average is $33.22.

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.