iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Sees Large Drop in Short Interest

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 11,327 shares, a drop of 38.3% from the December 31st total of 18,356 shares. Based on an average daily volume of 8,851 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.2% of the shares of the stock are sold short. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 8,851 shares, the days-to-cover ratio is currently 1.3 days.

iShares LifePath Target Date 2055 ETF Trading Down 0.0%

NYSEARCA ITDG opened at $39.20 on Friday. iShares LifePath Target Date 2055 ETF has a 12 month low of $27.35 and a 12 month high of $39.37. The stock has a market cap of $37.63 million, a PE ratio of 20.29 and a beta of 0.87. The stock’s 50 day moving average is $38.16 and its 200 day moving average is $37.03.

Hedge Funds Weigh In On iShares LifePath Target Date 2055 ETF

An institutional investor recently raised its position in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. boosted its stake in shares of iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) by 1,710.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,086 shares of the company’s stock after acquiring an additional 1,026 shares during the period. Sunbelt Securities Inc. owned 0.14% of iShares LifePath Target Date 2055 ETF worth $40,000 at the end of the most recent quarter.

About iShares LifePath Target Date 2055 ETF

The iShares LifePath Target Date 2055 ETF (ITDG) 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 2055 ITDG was launched on Oct 17, 2023 and is issued by BlackRock.