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 drop in short interest during the month of January. As of January 15th, there was short interest totaling 22,901 shares, a drop of 44.9% from the December 31st total of 41,537 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 32,170 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 32,170 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.2% of the company’s stock are short sold.

iShares LifePath Target Date 2040 ETF Trading Down 0.6%

Shares of ITDD traded down $0.23 on Friday, reaching $36.09. 8,025 shares of the company’s stock traded hands, compared to its average volume of 27,011. The stock’s 50 day simple moving average is $35.72 and its two-hundred day simple moving average is $34.94. iShares LifePath Target Date 2040 ETF has a 52-week low of $27.55 and a 52-week high of $36.47. The stock has a market cap of $71.46 million, a PE ratio of 20.77 and a beta of 0.74.

Institutional Trading of iShares LifePath Target Date 2040 ETF

A hedge fund recently bought a new stake in iShares LifePath Target Date 2040 ETF stock. Capital Advisors Ltd. LLC acquired a new stake in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,177 shares of the company’s stock, valued at approximately $41,000. Capital Advisors Ltd. LLC owned about 0.06% of iShares LifePath Target Date 2040 ETF as of its most recent filing with the Securities & Exchange Commission.

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.