Short Interest in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Expands By 65.7%

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 41,537 shares, a growth of 65.7% from the December 15th total of 25,062 shares. Approximately 2.3% of the company’s stock are sold short. Based on an average daily volume of 25,757 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 25,757 shares, the short-interest ratio is currently 1.6 days. Approximately 2.3% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares LifePath Target Date 2040 ETF

An institutional investor recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,254 shares of the company’s stock, valued at approximately $79,000. Sunbelt Securities Inc. owned about 0.15% of iShares LifePath Target Date 2040 ETF as of its most recent SEC filing.

iShares LifePath Target Date 2040 ETF Trading Up 0.0%

NYSEARCA ITDD traded up $0.01 during trading on Friday, hitting $36.00. 7,082 shares of the company traded hands, compared to its average volume of 29,835. iShares LifePath Target Date 2040 ETF has a 12 month low of $27.55 and a 12 month high of $36.09. The business has a fifty day simple moving average of $35.54 and a 200 day simple moving average of $34.75. The company has a market capitalization of $67.68 million, a P/E ratio of 20.77 and a beta of 0.74.

About iShares LifePath Target Date 2040 ETF

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.