iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Short Interest Up 268.9% in January

iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 11,695 shares, an increase of 268.9% from the January 15th total of 3,170 shares. Based on an average daily trading volume, of 15,962 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the stock are short sold. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,962 shares, the days-to-cover ratio is currently 0.7 days.

iShares LifePath Target Date 2045 ETF Price Performance

NYSEARCA:ITDE traded up $0.13 during trading hours on Friday, reaching $37.59. 4,819 shares of the company traded hands, compared to its average volume of 15,951. The firm’s 50-day moving average is $36.92 and its 200-day moving average is $36.05. The stock has a market cap of $58.64 million, a P/E ratio of 20.03 and a beta of 0.82. iShares LifePath Target Date 2045 ETF has a 1-year low of $27.42 and a 1-year high of $38.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITDE. Geneos Wealth Management Inc. purchased a new stake in shares of iShares LifePath Target Date 2045 ETF during the first quarter worth about $34,000. Capital Advisors Ltd. LLC acquired a new stake in iShares LifePath Target Date 2045 ETF during the fourth quarter worth approximately $53,000. Sunbelt Securities Inc. grew its stake in iShares LifePath Target Date 2045 ETF by 2,054.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,607 shares of the company’s stock worth $94,000 after acquiring an additional 2,486 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in iShares LifePath Target Date 2045 ETF by 38.4% in the 3rd quarter. Susquehanna International Group LLP now owns 9,001 shares of the company’s stock valued at $323,000 after acquiring an additional 2,496 shares during the last quarter.

iShares LifePath Target Date 2045 ETF Company Profile

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.