iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Sees Significant Growth in Short Interest

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 16,950 shares, a growth of 49.6% from the January 15th total of 11,327 shares. Based on an average daily volume of 15,983 shares, the short-interest ratio is currently 1.1 days. Currently, 1.7% of the company’s shares are sold short. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 15,983 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On 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 acquired a new position in shares of iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,481 shares of the company’s stock, valued at approximately $315,000. Citadel Advisors LLC owned 1.09% of iShares LifePath Target Date 2055 ETF as of its most recent SEC filing.

iShares LifePath Target Date 2055 ETF Stock Performance

NYSEARCA:ITDG traded up $0.10 during mid-day trading on Friday, hitting $39.15. The company had a trading volume of 8,139 shares, compared to its average volume of 12,268. The firm has a market cap of $39.15 million, a P/E ratio of 20.29 and a beta of 0.87. The business’s fifty day moving average is $38.47 and its two-hundred day moving average is $37.34. iShares LifePath Target Date 2055 ETF has a fifty-two week low of $27.35 and a fifty-two week high of $39.78.

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.