iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) Short Interest Down 77.5% in May

iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,434 shares, a drop of 77.5% from the May 14th total of 6,375 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,359 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On iShares LifePath Target Date 2065 ETF

A hedge fund recently raised its stake in iShares LifePath Target Date 2065 ETF stock. Heck Capital Advisors LLC grew its position in shares of iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,143 shares of the company’s stock after acquiring an additional 1,380 shares during the quarter. Heck Capital Advisors LLC owned about 1.77% of iShares LifePath Target Date 2065 ETF worth $306,000 at the end of the most recent quarter.

iShares LifePath Target Date 2065 ETF Stock Down 0.2%

Shares of ITDI opened at $41.21 on Wednesday. The firm has a market cap of $24.73 million, a PE ratio of 20.19 and a beta of 0.89. The company’s fifty day moving average is $40.32 and its two-hundred day moving average is $38.97. iShares LifePath Target Date 2065 ETF has a fifty-two week low of $33.20 and a fifty-two week high of $42.52.

About iShares LifePath Target Date 2065 ETF

The iShares LifePath Target Date 2065 ETF (ITDI) 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 2065 ITDI was launched on Oct 17, 2023 and is issued by BlackRock.