iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Sees Significant Decrease in Short Interest

iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,357 shares, a decline of 86.5% from the December 15th total of 10,041 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 16,648 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 16,648 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of iShares LifePath Target Date 2045 ETF

Several hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. grew its holdings in shares of iShares LifePath Target Date 2045 ETF by 2,054.5% in the third quarter. Sunbelt Securities Inc. now owns 2,607 shares of the company’s stock valued at $94,000 after purchasing an additional 2,486 shares in the last quarter. Susquehanna International Group LLP raised its stake in 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 valued at $323,000 after purchasing an additional 2,496 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in iShares LifePath Target Date 2045 ETF during the first quarter valued at $34,000.

iShares LifePath Target Date 2045 ETF Stock Performance

Shares of ITDE traded down $0.09 during midday trading on Tuesday, hitting $37.03. 10,520 shares of the company traded hands, compared to its average volume of 18,477. iShares LifePath Target Date 2045 ETF has a 52 week low of $27.42 and a 52 week high of $37.18. The firm has a 50 day moving average of $36.42 and a 200-day moving average of $35.51. The stock has a market cap of $54.80 million, a price-to-earnings ratio of 20.03 and a beta of 0.82.

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.