Short Interest in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Declines By 44.9%

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) saw a significant drop in short interest in 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 trading volume of 32,170 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 32,170 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the company’s stock are short sold.

iShares LifePath Target Date 2040 ETF Price Performance

Shares of NYSEARCA:ITDD traded down $0.23 during midday trading on Friday, reaching $36.09. The company had a trading volume of 8,025 shares, compared to its average volume of 27,011. The stock has a market capitalization of $71.46 million, a P/E ratio of 20.77 and a beta of 0.74. The stock’s fifty day moving average price is $35.72 and its 200-day moving average price is $34.96. iShares LifePath Target Date 2040 ETF has a one year low of $27.55 and a one year high of $36.47.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

An institutional investor recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Capital Advisors Ltd. LLC purchased a new position in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,177 shares of the company’s stock, valued at approximately $41,000. Capital Advisors Ltd. LLC owned 0.06% of iShares LifePath Target Date 2040 ETF as of its most recent filing with the Securities and 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.