iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG – Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 18,442 shares, an increase of 146.2% from the April 30th total of 7,492 shares. Based on an average daily volume of 9,791 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.5% of the company’s shares are short sold.
Institutional Investors Weigh In On iShares LifePath Target Date 2055 ETF
A hedge fund recently raised its stake in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. increased its stake in shares of iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG – Free Report) by 1,710.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,086 shares of the company’s stock after acquiring an additional 1,026 shares during the quarter. Sunbelt Securities Inc. owned approximately 0.14% of iShares LifePath Target Date 2055 ETF worth $40,000 at the end of the most recent quarter.
iShares LifePath Target Date 2055 ETF Stock Performance
Shares of NYSEARCA:ITDG traded up $0.09 during trading on Monday, reaching $42.34. The stock had a trading volume of 11,279 shares, compared to its average volume of 10,904. The firm’s fifty day moving average is $39.75 and its 200 day moving average is $38.82. iShares LifePath Target Date 2055 ETF has a 52 week low of $33.00 and a 52 week high of $42.48. The stock has a market cap of $51.65 million, a price-to-earnings ratio of 20.29 and a beta of 0.89.
iShares LifePath Target Date 2055 ETF Company Profile
The iShares LifePath Target Date 2055 ETF (ITDG) 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 2055 ITDG was launched on Oct 17, 2023 and is issued by BlackRock.
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