iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Update

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 24,130 shares, a growth of 120.8% from the February 12th total of 10,929 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 33,377 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 33,377 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

Several large investors have recently modified their holdings of ITDD. Jane Street Group LLC acquired a new position in iShares LifePath Target Date 2040 ETF in the fourth quarter valued at approximately $638,000. Sunbelt Securities Inc. raised its position in shares of iShares LifePath Target Date 2040 ETF by 15.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,613 shares of the company’s stock worth $92,000 after purchasing an additional 359 shares during the period. Bellwether Advisors LLC bought a new stake in shares of iShares LifePath Target Date 2040 ETF in the 4th quarter worth approximately $249,000. McIlrath & Eck LLC lifted its holdings in shares of iShares LifePath Target Date 2040 ETF by 7,953.1% in the 4th quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock worth $91,000 after purchasing an additional 2,545 shares during the last quarter. Finally, Capital Advisors Ltd. LLC acquired a new position in iShares LifePath Target Date 2040 ETF during the 4th quarter valued at approximately $41,000.

iShares LifePath Target Date 2040 ETF Price Performance

Shares of ITDD stock opened at $35.08 on Friday. The firm has a market cap of $69.46 million, a P/E ratio of 20.77 and a beta of 0.74. iShares LifePath Target Date 2040 ETF has a 1-year low of $27.55 and a 1-year high of $37.00. The firm has a fifty day moving average of $36.15 and a two-hundred day moving average of $35.51.

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