Short Interest in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Drops By 53.3%

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 11,657 shares, a decline of 53.3% from the June 15th total of 24,985 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,444 shares, the days-to-cover ratio is presently 0.8 days.

iShares LifePath Target Date 2040 ETF Stock Up 0.3%

Shares of ITDD stock traded up $0.10 during trading hours on Wednesday, hitting $38.54. 3,380 shares of the company’s stock were exchanged, compared to its average volume of 21,122. iShares LifePath Target Date 2040 ETF has a fifty-two week low of $32.89 and a fifty-two week high of $38.75. The firm has a market cap of $104.06 million, a P/E ratio of 20.77 and a beta of 0.73. The firm has a 50 day moving average of $38.21 and a two-hundred day moving average of $36.81.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ITDD. Capital Advisors Ltd. LLC purchased a new stake in shares of iShares LifePath Target Date 2040 ETF during the fourth quarter worth about $41,000. Sunbelt Securities Inc. purchased a new position in iShares LifePath Target Date 2040 ETF in the 3rd quarter valued at about $79,000. McIlrath & Eck LLC boosted its holdings in iShares LifePath Target Date 2040 ETF by 7,953.1% in the 4th quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock worth $91,000 after buying an additional 2,545 shares during the last quarter. Bellwether Advisors LLC acquired a new stake in iShares LifePath Target Date 2040 ETF in the 4th quarter worth about $249,000. Finally, Jane Street Group LLC purchased a new stake in iShares LifePath Target Date 2040 ETF during the 4th quarter worth 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.