iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Up 128.0% in August

by · The Markets Daily

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 29,702 shares, an increase of 128.0% from the August 15th total of 13,027 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 14,450 shares, the days-to-cover ratio is presently 2.1 days.

iShares LifePath Target Date 2040 ETF Stock Down 0.4%

NYSEARCA:ITDD opened at $38.41 on Wednesday. iShares LifePath Target Date 2040 ETF has a 52 week low of $34.08 and a 52 week high of $39.47. The stock’s fifty day moving average is $38.75 and its two-hundred day moving average is $37.65. The stock has a market capitalization of $104.48 million, a price-to-earnings ratio of 20.77 and a beta of 0.73.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

A hedge fund recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Bellwether Advisors LLC purchased a new position in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,084 shares of the company’s stock, valued at approximately $249,000. Bellwether Advisors LLC owned 0.36% of iShares LifePath Target Date 2040 ETF at the end of the most recent reporting period.

About iShares LifePath Target Date 2040 ETF

(Get Free Report)

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.

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