Short Interest in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Increases By 65.7%

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 41,537 shares, a growth of 65.7% from the December 15th total of 25,062 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 25,757 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 25,757 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.3% of the shares of the stock are short sold.

Institutional Trading of iShares LifePath Target Date 2040 ETF

An institutional investor recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Sunbelt Securities Inc. bought a new stake in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) during the third quarter, according to its most recent filing with the SEC. The firm bought 2,254 shares of the company’s stock, valued at approximately $79,000. Sunbelt Securities Inc. owned about 0.15% of iShares LifePath Target Date 2040 ETF at the end of the most recent quarter.

iShares LifePath Target Date 2040 ETF Trading Up 0.0%

iShares LifePath Target Date 2040 ETF stock opened at $36.00 on Friday. The company’s 50-day moving average price is $35.54 and its two-hundred day moving average price is $34.75. iShares LifePath Target Date 2040 ETF has a 52 week low of $27.55 and a 52 week high of $36.09. The stock has a market cap of $67.68 million, a price-to-earnings ratio of 20.77 and a beta of 0.74.

About iShares LifePath Target Date 2040 ETF

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. The fund is intended for investors who anticipate retiring around 2040 ITDD was launched on Oct 17, 2023 and is issued by BlackRock.