iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Up 120.8% in February

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 24,130 shares, an increase of 120.8% from the February 12th total of 10,929 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 33,377 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 33,377 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the shares of the company are short sold.

iShares LifePath Target Date 2040 ETF Price Performance

NYSEARCA:ITDD opened at $35.75 on Thursday. The stock has a market cap of $70.79 million, a P/E ratio of 20.77 and a beta of 0.74. iShares LifePath Target Date 2040 ETF has a one year low of $27.55 and a one year high of $37.00. The company has a fifty day moving average price of $36.16 and a 200 day moving average price of $35.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC acquired a new position in shares of iShares LifePath Target Date 2040 ETF during the fourth quarter valued at about $41,000. Sunbelt Securities Inc. acquired a new stake in iShares LifePath Target Date 2040 ETF during the third quarter worth about $79,000. McIlrath & Eck LLC increased its stake in iShares LifePath Target Date 2040 ETF by 7,953.1% during the fourth quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock valued at $91,000 after acquiring an additional 2,545 shares during the period. Bellwether Advisors LLC acquired a new position in iShares LifePath Target Date 2040 ETF in the 4th quarter valued at approximately $249,000. Finally, Jane Street Group LLC acquired a new position in iShares LifePath Target Date 2040 ETF in the 4th quarter valued at approximately $638,000.

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.