iShares LifePath Target Date 2070 ETF (NYSEARCA:ITDJ) Sees Significant Decrease in Short Interest

iShares LifePath Target Date 2070 ETF (NYSEARCA:ITDJ) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,143 shares, a drop of 52.0% from the August 31st total of 2,380 shares. Based on an average daily trading volume, of 2,621 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares LifePath Target Date 2070 ETF

A hedge fund recently bought a new position in iShares LifePath Target Date 2070 ETF stock. Cetera Investment Advisers purchased a new position in shares of iShares LifePath Target Date 2070 ETF (NYSEARCA:ITDJ) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,437 shares of the company’s stock, valued at approximately $387,000. Cetera Investment Advisers owned 3.54% of iShares LifePath Target Date 2070 ETF at the end of the most recent quarter.

iShares LifePath Target Date 2070 ETF Stock Performance

Shares of NYSEARCA ITDJ traded down $0.09 during midday trading on Thursday, hitting $32.91. The company’s stock had a trading volume of 4,343 shares, compared to its average volume of 4,528. iShares LifePath Target Date 2070 ETF has a 1-year low of $27.91 and a 1-year high of $33.97. The firm’s fifty day moving average price is $33.27 and its 200-day moving average price is $32.10. The firm has a market cap of $15.80 million, a P/E ratio of 20.39 and a beta of 0.88.

About iShares LifePath Target Date 2070 ETF

The iShares LifePath Target Date 2070 ETF (ITDJ) 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 2070 ITDJ was launched on Nov 12, 2024 and is issued by BlackRock.