iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Sees Large Drop in Short Interest

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 11,327 shares, a decrease of 38.3% from the December 31st total of 18,356 shares. Based on an average trading volume of 8,851 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.2% of the shares of the company are short sold. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 8,851 shares, the days-to-cover ratio is currently 1.3 days.

iShares LifePath Target Date 2055 ETF Stock Performance

Shares of NYSEARCA:ITDG opened at $39.20 on Friday. The stock’s 50-day simple moving average is $38.16 and its two-hundred day simple moving average is $37.03. The stock has a market capitalization of $37.63 million, a price-to-earnings ratio of 20.29 and a beta of 0.87. iShares LifePath Target Date 2055 ETF has a 52-week low of $27.35 and a 52-week high of $39.37.

Institutional Trading of iShares LifePath Target Date 2055 ETF

A hedge fund recently bought a new stake in iShares LifePath Target Date 2055 ETF stock. Citadel Advisors LLC bought a new stake in shares of iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,481 shares of the company’s stock, valued at approximately $315,000. Citadel Advisors LLC owned about 1.09% of iShares LifePath Target Date 2055 ETF at the end of the most recent quarter.

iShares LifePath Target Date 2055 ETF Company Profile

The iShares LifePath Target Date 2055 ETF (ITDG) 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 2055 ITDG was launched on Oct 17, 2023 and is issued by BlackRock.