iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Update

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 24,130 shares, an increase of 120.8% from the February 12th total of 10,929 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 33,377 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 33,377 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.2% of the shares of the stock are sold short.

iShares LifePath Target Date 2040 ETF Trading Down 0.5%

Shares of ITDD stock opened at $35.08 on Friday. iShares LifePath Target Date 2040 ETF has a twelve month low of $27.55 and a twelve month high of $37.00. The company has a market capitalization of $69.46 million, a price-to-earnings ratio of 20.77 and a beta of 0.74. The firm has a 50-day moving average price of $36.15 and a 200 day moving average price of $35.51.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

Several institutional investors and hedge funds have recently modified their holdings of ITDD. Jane Street Group LLC acquired a new stake in iShares LifePath Target Date 2040 ETF during the fourth quarter worth approximately $638,000. Bellwether Advisors LLC acquired a new position in iShares LifePath Target Date 2040 ETF in the 4th quarter valued at $249,000. McIlrath & Eck LLC lifted its stake 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 period. Sunbelt Securities Inc. purchased a new position in shares of iShares LifePath Target Date 2040 ETF during the 3rd quarter worth $79,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in shares of iShares LifePath Target Date 2040 ETF during the fourth quarter worth $41,000.

iShares LifePath Target Date 2040 ETF Company Profile

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.