iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Short Interest Down 36.0% in March

iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 15,745 shares, a decline of 36.0% from the February 26th total of 24,607 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 12,314 shares, the days-to-cover ratio is currently 1.3 days.

iShares LifePath Target Date 2045 ETF Stock Performance

Shares of NYSEARCA:ITDE opened at $34.97 on Monday. iShares LifePath Target Date 2045 ETF has a one year low of $27.42 and a one year high of $38.24. The stock has a market capitalization of $54.55 million, a price-to-earnings ratio of 20.03 and a beta of 0.82. The company has a 50-day simple moving average of $37.02 and a 200-day simple moving average of $36.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Advisors Ltd. LLC acquired a new position in shares of iShares LifePath Target Date 2045 ETF in the fourth quarter valued at approximately $53,000. Sunbelt Securities Inc. lifted its holdings in shares of iShares LifePath Target Date 2045 ETF by 2,054.5% during the third quarter. Sunbelt Securities Inc. now owns 2,607 shares of the company’s stock worth $94,000 after purchasing an additional 2,486 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of iShares LifePath Target Date 2045 ETF by 38.4% during the third quarter. Susquehanna International Group LLP now owns 9,001 shares of the company’s stock worth $323,000 after purchasing an additional 2,496 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in iShares LifePath Target Date 2045 ETF in the 1st quarter valued at $34,000.

About iShares LifePath Target Date 2045 ETF

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.