iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) Sees Significant Drop in Short Interest

iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 4,231 shares, a decrease of 36.6% from the May 31st total of 6,672 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 26,927 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares LifePath Target Date 2035 ETF

Large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of iShares LifePath Target Date 2035 ETF during the fourth quarter valued at about $102,000. Creative Planning bought a new stake in shares of iShares LifePath Target Date 2035 ETF in the third quarter worth about $203,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of iShares LifePath Target Date 2035 ETF in the first quarter worth about $345,000.

iShares LifePath Target Date 2035 ETF Stock Performance

Shares of iShares LifePath Target Date 2035 ETF stock remained flat at $36.59 on Friday. 20,324 shares of the stock traded hands, compared to its average volume of 23,638. iShares LifePath Target Date 2035 ETF has a 1 year low of $32.00 and a 1 year high of $36.91. The firm has a 50 day moving average of $36.25 and a 200-day moving average of $35.15. The firm has a market cap of $102.45 million, a PE ratio of 20.04 and a beta of 0.65.

About iShares LifePath Target Date 2035 ETF

The iShares LifePath Target Date 2035 ETF USD (ITDC) 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 2035 ITDC was launched on Oct 17, 2023 and is issued by BlackRock.