iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Stock Short Interest Rises 202.2%

iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 35,162 shares, an increase of 202.2% from the August 31st total of 11,634 shares. Based on an average daily trading volume, of 30,939 shares, the short-interest ratio is currently 1.1 days. Approximately 1.3% of the company’s stock are sold short.

iShares LifePath Target Date 2045 ETF Stock Up 0.5%

Shares of NYSEARCA:ITDE traded up $0.20 during midday trading on Friday, reaching $40.46. The company’s stock had a trading volume of 8,394 shares, compared to its average volume of 13,536. The firm has a 50 day moving average of $40.43 and a 200-day moving average of $39.19. The firm has a market capitalization of $106.81 million, a P/E ratio of 20.03 and a beta of 0.81. iShares LifePath Target Date 2045 ETF has a 12-month low of $34.81 and a 12-month high of $41.23.

About iShares LifePath Target Date 2045 ETF

The iShares LifePath Target Date 2045 ETF USD (ITDE) 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 2045 ITDE was launched on Oct 17, 2023 and is issued by BlackRock.