iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Sees Large Increase in Short Interest

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 28,008 shares, a growth of 22.3% from the January 15th total of 22,901 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 21,965 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 21,965 shares, the short-interest ratio is currently 1.3 days. Approximately 1.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of iShares LifePath Target Date 2040 ETF in the fourth quarter valued at about $638,000. Bellwether Advisors LLC acquired a new position in shares of iShares LifePath Target Date 2040 ETF during the 4th quarter worth approximately $249,000. McIlrath & Eck LLC raised its position in shares of iShares LifePath Target Date 2040 ETF by 7,953.1% during the 4th quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock worth $91,000 after purchasing an additional 2,545 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in iShares LifePath Target Date 2040 ETF in the 3rd quarter valued at approximately $79,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in iShares LifePath Target Date 2040 ETF during the 4th quarter valued at $41,000.

iShares LifePath Target Date 2040 ETF Stock Up 0.2%

Shares of ITDD stock opened at $36.47 on Tuesday. iShares LifePath Target Date 2040 ETF has a fifty-two week low of $27.55 and a fifty-two week high of $36.85. The stock has a market cap of $72.21 million, a P/E ratio of 20.77 and a beta of 0.74. The business has a fifty day simple moving average of $35.89 and a 200-day simple moving average of $35.20.

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.