iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Update

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 15,716 shares, a decrease of 34.9% from the February 26th total of 24,130 shares. Based on an average daily trading volume, of 18,048 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company’s stock are short sold.

iShares LifePath Target Date 2040 ETF Price Performance

NYSEARCA ITDD opened at $34.18 on Monday. The stock has a market capitalization of $67.68 million, a PE ratio of 20.77 and a beta of 0.74. The company has a 50 day moving average price of $35.97 and a two-hundred day moving average price of $35.58. iShares LifePath Target Date 2040 ETF has a 12-month low of $27.55 and a 12-month high of $37.00.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

Hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new stake in shares of iShares LifePath Target Date 2040 ETF in the third quarter worth about $79,000. Capital Advisors Ltd. LLC bought a new stake in iShares LifePath Target Date 2040 ETF during the fourth quarter worth approximately $41,000. McIlrath & Eck LLC boosted its position 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 worth $91,000 after purchasing an additional 2,545 shares during the period. Bellwether Advisors LLC acquired a new position in iShares LifePath Target Date 2040 ETF during the fourth quarter valued at approximately $249,000. Finally, Jane Street Group LLC bought a new position in shares of iShares LifePath Target Date 2040 ETF in the fourth 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.