Short Interest in iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) Drops By 66.9%

iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 2,509 shares, a drop of 66.9% from the August 15th total of 7,578 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 3,557 shares, the days-to-cover ratio is currently 0.7 days.

iShares LifePath Target Date 2065 ETF Price Performance

NYSEARCA ITDI traded up $0.40 on Friday, hitting $42.91. 2,595 shares of the company were exchanged, compared to its average volume of 4,188. iShares LifePath Target Date 2065 ETF has a twelve month low of $35.92 and a twelve month high of $43.70. The firm has a market capitalization of $27.46 million, a P/E ratio of 20.19 and a beta of 0.89. The company’s 50 day moving average price is $42.61 and its 200-day moving average price is $40.91.

Institutional Investors Weigh In On iShares LifePath Target Date 2065 ETF

A number of large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC acquired a new stake in shares of iShares LifePath Target Date 2065 ETF during the third quarter valued at approximately $465,000. Citadel Advisors LLC boosted its stake in iShares LifePath Target Date 2065 ETF by 61.1% in the 2nd quarter. Citadel Advisors LLC now owns 16,599 shares of the company’s stock worth $700,000 after purchasing an additional 6,295 shares during the period. Finally, Heck Capital Advisors LLC boosted its stake in iShares LifePath Target Date 2065 ETF by 24.2% in the 2nd quarter. Heck Capital Advisors LLC now owns 11,832 shares of the company’s stock worth $499,000 after purchasing an additional 2,307 shares during the period.

iShares LifePath Target Date 2065 ETF Company Profile

The iShares LifePath Target Date 2065 ETF (ITDI) 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 2065 ITDI was launched on Oct 17, 2023 and is issued by BlackRock.