Short Interest in iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Grows By 182.9%

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 20,699 shares, a growth of 182.9% from the November 30th total of 7,317 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 3,924 shares, the days-to-cover ratio is presently 5.3 days. Based on an average daily trading volume, of 3,924 shares, the days-to-cover ratio is presently 5.3 days. Approximately 2.7% of the company’s shares are short sold.

iShares LifePath Target Date 2055 ETF Stock Up 0.1%

NYSEARCA ITDG traded up $0.04 during trading on Friday, reaching $38.02. 6,969 shares of the stock traded hands, compared to its average volume of 4,583. The stock’s 50-day moving average price is $37.68 and its 200 day moving average price is $36.27. The firm has a market cap of $29.65 million, a price-to-earnings ratio of 20.29 and a beta of 0.87. iShares LifePath Target Date 2055 ETF has a fifty-two week low of $27.35 and a fifty-two week high of $38.38.

Institutional Trading of iShares LifePath Target Date 2055 ETF

A hedge fund recently bought a new stake in iShares LifePath Target Date 2055 ETF stock. Citadel Advisors LLC bought a new position in shares of iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,481 shares of the company’s stock, valued at approximately $315,000. Citadel Advisors LLC owned approximately 1.09% of iShares LifePath Target Date 2055 ETF at the end of the most recent quarter.

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.