Short Interest in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) Rises By 89.8%

iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 7,937 shares, a growth of 89.8% from the December 15th total of 4,182 shares. Based on an average daily trading volume, of 15,663 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 15,663 shares, the days-to-cover ratio is presently 0.5 days.

iShares LifePath Target Date 2050 ETF Trading Up 0.4%

NYSEARCA ITDF traded up $0.15 during trading hours on Thursday, reaching $38.23. 5,258 shares of the company traded hands, compared to its average volume of 18,743. The stock has a market capitalization of $51.99 million, a PE ratio of 20.56 and a beta of 0.85. iShares LifePath Target Date 2050 ETF has a 12 month low of $27.29 and a 12 month high of $38.37. The company has a 50 day moving average of $37.39 and a two-hundred day moving average of $36.36.

Institutional Trading of iShares LifePath Target Date 2050 ETF

A hedge fund recently raised its stake in iShares LifePath Target Date 2050 ETF stock. Citadel Advisors LLC lifted its position in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) by 78.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,107 shares of the company’s stock after acquiring an additional 6,208 shares during the quarter. Citadel Advisors LLC owned 1.24% of iShares LifePath Target Date 2050 ETF worth $518,000 as of its most recent SEC filing.

About iShares LifePath Target Date 2050 ETF

The iShares LifePath Target Date 2050 ETF USD (ITDF) 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 2050. ITDF was launched on Oct 17, 2023 and is issued by BlackRock.