iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) Sees Significant Growth in Short Interest

iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,750 shares, an increase of 49.5% from the August 31st total of 2,509 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 4,748 shares, the short-interest ratio is currently 0.8 days.

iShares LifePath Target Date 2065 ETF Stock Down 0.2%

Shares of NYSEARCA ITDI traded down $0.07 during midday trading on Thursday, hitting $42.37. The stock had a trading volume of 3,292 shares, compared to its average volume of 4,195. iShares LifePath Target Date 2065 ETF has a 1-year low of $35.92 and a 1-year high of $43.70. The company has a market capitalization of $29.66 million, a price-to-earnings ratio of 20.19 and a beta of 0.89. The company has a fifty day moving average price of $42.80 and a 200 day moving average price of $41.29.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares LifePath Target Date 2065 ETF stock. Heck Capital Advisors LLC lifted its position in shares of iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) by 24.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,832 shares of the company’s stock after acquiring an additional 2,307 shares during the period. Heck Capital Advisors LLC owned about 1.85% of iShares LifePath Target Date 2065 ETF worth $499,000 at the end of the most recent reporting period.

iShares LifePath Target Date 2065 ETF Company Profile

The iShares LifePath Target Date 2065 ETF (ITDI) 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 2065 ITDI was launched on Oct 17, 2023 and is issued by BlackRock.