Short Interest in iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Rises By 268.9%

iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 11,695 shares, an increase of 268.9% from the January 15th total of 3,170 shares. Based on an average daily trading volume, of 15,962 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 15,962 shares, the short-interest ratio is currently 0.7 days.

iShares LifePath Target Date 2045 ETF Stock Performance

Shares of iShares LifePath Target Date 2045 ETF stock traded up $0.08 during trading hours on Wednesday, reaching $37.86. The company’s stock had a trading volume of 8,080 shares, compared to its average volume of 16,596. The company has a market capitalization of $59.06 million, a P/E ratio of 20.03 and a beta of 0.82. The stock’s fifty day simple moving average is $36.87 and its two-hundred day simple moving average is $36.01. iShares LifePath Target Date 2045 ETF has a one year low of $27.42 and a one year high of $37.93.

Hedge Funds Weigh In On iShares LifePath Target Date 2045 ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in iShares LifePath Target Date 2045 ETF during the 1st quarter worth approximately $34,000. Capital Advisors Ltd. LLC bought a new stake in iShares LifePath Target Date 2045 ETF during the fourth quarter worth $53,000. Sunbelt Securities Inc. raised its position in iShares LifePath Target Date 2045 ETF by 2,054.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,607 shares of the company’s stock valued at $94,000 after buying an additional 2,486 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in iShares LifePath Target Date 2045 ETF by 38.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,001 shares of the company’s stock valued at $323,000 after acquiring an additional 2,496 shares in the last quarter.

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.