iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF – Get Free Report) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 4,585 shares, a drop of 42.2% from the December 31st total of 7,937 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 19,660 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 19,660 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are sold short.
iShares LifePath Target Date 2050 ETF Trading Down 0.8%
ITDF stock traded down $0.32 during trading on Friday, reaching $38.30. 4,808 shares of the stock were exchanged, compared to its average volume of 16,845. The firm’s 50 day moving average is $37.73 and its 200 day moving average is $36.70. The firm has a market cap of $55.15 million, a P/E ratio of 20.56 and a beta of 0.85. iShares LifePath Target Date 2050 ETF has a twelve month low of $27.29 and a twelve month high of $38.77.
Hedge Funds Weigh In On iShares LifePath Target Date 2050 ETF
A hedge fund recently raised its stake in iShares LifePath Target Date 2050 ETF stock. Susquehanna International Group LLP boosted its holdings in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF – Free Report) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,096 shares of the company’s stock after purchasing an additional 3,107 shares during the period. Susquehanna International Group LLP owned about 1.24% of iShares LifePath Target Date 2050 ETF worth $518,000 as of its most recent SEC filing.
About iShares LifePath Target Date 2050 ETF
The iShares LifePath Target Date 2050 ETF USD (ITDF) 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 2050. ITDF was launched on Oct 17, 2023 and is issued by BlackRock.
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