Short Interest in iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Drops By 60.5%

iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 11,634 shares, a decrease of 60.5% from the August 15th total of 29,452 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 9,943 shares, the short-interest ratio is currently 1.2 days.

iShares LifePath Target Date 2045 ETF Stock Performance

NYSEARCA ITDE opened at $40.46 on Friday. The company has a market capitalization of $89.01 million, a P/E ratio of 20.03 and a beta of 0.81. iShares LifePath Target Date 2045 ETF has a one year low of $34.81 and a one year high of $41.23. The stock has a 50 day moving average price of $40.35 and a 200-day moving average price of $38.99.

Institutional Investors Weigh In On iShares LifePath Target Date 2045 ETF

A number of hedge funds have recently bought and sold shares of ITDE. Geneos Wealth Management Inc. purchased a new position in shares of iShares LifePath Target Date 2045 ETF in the 1st quarter worth $34,000. Sunbelt Securities Inc. increased its holdings in shares of 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 buying an additional 2,486 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of iShares LifePath Target Date 2045 ETF by 38.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,001 shares of the company’s stock valued at $323,000 after buying an additional 2,496 shares in 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.