Short Interest in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Declines By 53.3%

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 11,657 shares, a drop of 53.3% from the June 15th total of 24,985 shares. Based on an average trading volume of 15,444 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of iShares LifePath Target Date 2040 ETF

Institutional investors have recently bought and sold shares of the company. Capital Advisors Ltd. LLC purchased a new position in shares of iShares LifePath Target Date 2040 ETF in the fourth quarter valued at $41,000. Sunbelt Securities Inc. purchased a new stake in shares of iShares LifePath Target Date 2040 ETF in the 3rd quarter worth about $79,000. McIlrath & Eck LLC grew its stake in 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 valued at $91,000 after acquiring an additional 2,545 shares during the last quarter. Bellwether Advisors LLC purchased a new position in iShares LifePath Target Date 2040 ETF during the 4th quarter valued at about $249,000. Finally, Jane Street Group LLC acquired a new position in iShares LifePath Target Date 2040 ETF during the fourth quarter worth about $638,000.

iShares LifePath Target Date 2040 ETF Trading Up 0.4%

Shares of NYSEARCA:ITDD traded up $0.17 during trading on Tuesday, hitting $38.42. 584 shares of the stock were exchanged, compared to its average volume of 21,171. The company has a fifty day moving average price of $38.18 and a two-hundred day moving average price of $36.77. The company has a market cap of $103.73 million, a PE ratio of 20.77 and a beta of 0.73. iShares LifePath Target Date 2040 ETF has a 12-month low of $32.89 and a 12-month high of $38.75.

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.