iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) Sees Large Decline in Short Interest

iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 9,507 shares, a decrease of 47.8% from the July 15th total of 18,225 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 14,821 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in iShares LifePath Target Date 2035 ETF during the fourth quarter worth $102,000. Creative Planning acquired a new position in shares of iShares LifePath Target Date 2035 ETF in the 3rd quarter valued at $203,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of iShares LifePath Target Date 2035 ETF during the 1st quarter worth about $345,000.

iShares LifePath Target Date 2035 ETF Trading Down 0.2%

ITDC stock traded down $0.06 during trading on Friday, reaching $37.37. 43,969 shares of the stock were exchanged, compared to its average volume of 22,429. iShares LifePath Target Date 2035 ETF has a twelve month low of $32.74 and a twelve month high of $37.56. The company has a market capitalization of $111.36 million, a P/E ratio of 20.04 and a beta of 0.65. The stock has a 50 day simple moving average of $36.60 and a 200-day simple moving average of $35.65.

iShares LifePath Target Date 2035 ETF Company Profile

The iShares LifePath Target Date 2035 ETF USD (ITDC) 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 2035 ITDC was launched on Oct 17, 2023 and is issued by BlackRock.