iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Sees Large Growth in Short Interest

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 16,950 shares, an increase of 49.6% from the January 15th total of 11,327 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 15,983 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 15,983 shares, the short-interest ratio is presently 1.1 days. Approximately 1.7% of the company’s stock are sold short.

iShares LifePath Target Date 2055 ETF Trading Up 0.3%

ITDG traded up $0.10 on Friday, hitting $39.15. 8,139 shares of the company were exchanged, compared to its average volume of 12,268. The firm has a 50-day moving average price of $38.47 and a two-hundred day moving average price of $37.38. The company has a market cap of $39.15 million, a price-to-earnings ratio of 20.29 and a beta of 0.87. iShares LifePath Target Date 2055 ETF has a twelve month low of $27.35 and a twelve month high of $39.78.

Hedge Funds Weigh In On iShares LifePath Target Date 2055 ETF

A hedge fund recently raised its stake in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. lifted its stake in shares of iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) by 1,710.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,086 shares of the company’s stock after buying an additional 1,026 shares during the quarter. Sunbelt Securities Inc. owned approximately 0.14% of iShares LifePath Target Date 2055 ETF worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

About iShares LifePath Target Date 2055 ETF

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.