Short Interest in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) Increases By 99.3%

iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 16,931 shares, an increase of 99.3% from the February 12th total of 8,495 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 17,720 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 17,720 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.2% of the shares of the company are sold short.

iShares LifePath Target Date 2050 ETF Stock Down 0.8%

NYSEARCA ITDF traded down $0.28 during trading hours on Friday, hitting $36.87. The company had a trading volume of 12,950 shares, compared to its average volume of 16,178. The firm has a market cap of $53.09 million, a P/E ratio of 20.56 and a beta of 0.85. The business has a fifty day simple moving average of $38.32 and a 200-day simple moving average of $37.40. iShares LifePath Target Date 2050 ETF has a fifty-two week low of $27.29 and a fifty-two week high of $39.31.

Institutional Investors Weigh In On iShares LifePath Target Date 2050 ETF

Several large investors have recently modified their holdings of the stock. Citadel Advisors LLC boosted its stake in iShares LifePath Target Date 2050 ETF by 78.6% in the 3rd quarter. Citadel Advisors LLC now owns 14,107 shares of the company’s stock valued at $518,000 after buying an additional 6,208 shares in the last quarter. Jane Street Group LLC bought a new position in shares of iShares LifePath Target Date 2050 ETF during the fourth quarter valued at $816,000. Susquehanna International Group LLP lifted its holdings in shares of iShares LifePath Target Date 2050 ETF by 28.3% during the third quarter. Susquehanna International Group LLP now owns 14,096 shares of the company’s stock valued at $518,000 after acquiring an additional 3,107 shares during the period. Finally, Sound Financial Strategies Group LLC acquired a new stake in shares of iShares LifePath Target Date 2050 ETF in the 4th quarter valued at $201,000.

iShares LifePath Target Date 2050 ETF Company Profile

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.