Short Interest in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Drops By 34.9%

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 15,716 shares, a decrease of 34.9% from the February 26th total of 24,130 shares. Based on an average daily trading volume, of 18,048 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the company’s stock are short sold.

iShares LifePath Target Date 2040 ETF Price Performance

NYSEARCA ITDD traded down $0.02 during mid-day trading on Monday, reaching $34.16. The stock had a trading volume of 3,981 shares, compared to its average volume of 22,773. iShares LifePath Target Date 2040 ETF has a 1 year low of $27.55 and a 1 year high of $37.00. The stock has a market cap of $67.64 million, a PE ratio of 20.77 and a beta of 0.74. The company has a fifty day moving average price of $35.97 and a 200 day moving average price of $35.58.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its position in iShares LifePath Target Date 2040 ETF by 15.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,613 shares of the company’s stock worth $92,000 after purchasing an additional 359 shares during the period. Capital Advisors Ltd. LLC bought a new stake in shares of iShares LifePath Target Date 2040 ETF in the fourth quarter worth $41,000. McIlrath & Eck LLC increased its position in iShares LifePath Target Date 2040 ETF by 7,953.1% during the fourth quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock valued at $91,000 after acquiring an additional 2,545 shares during the last quarter. Bellwether Advisors LLC purchased a new stake in iShares LifePath Target Date 2040 ETF during the fourth quarter valued at $249,000. Finally, Jane Street Group LLC bought a new position in iShares LifePath Target Date 2040 ETF in the fourth quarter valued at about $638,000.

iShares LifePath Target Date 2040 ETF Company Profile

The iShares LifePath Target Date 2040 ETF (ITDD) 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 2040 ITDD was launched on Oct 17, 2023 and is issued by BlackRock.