iShares LifePath Target Date 2030 ETF (NYSEARCA:ITDB) Sees Significant Increase in Short Interest

iShares LifePath Target Date 2030 ETF (NYSEARCA:ITDB) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 18,525 shares, a growth of 83.3% from the September 30th total of 10,107 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 14,228 shares, the days-to-cover ratio is presently 1.3 days.

iShares LifePath Target Date 2030 ETF Price Performance

NYSEARCA:ITDB traded down $0.22 during midday trading on Friday, hitting $34.83. The company’s stock had a trading volume of 22,838 shares, compared to its average volume of 18,387. The firm’s 50 day moving average is $35.01 and its 200-day moving average is $34.40. The firm has a market cap of $82.90 million, a P/E ratio of 20.07 and a beta of 0.58. iShares LifePath Target Date 2030 ETF has a fifty-two week low of $32.14 and a fifty-two week high of $35.65.

About iShares LifePath Target Date 2030 ETF

The iShares LifePath Target Date 2030 ETF (ITDB) 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 2030 ITDB was launched on Oct 17, 2023 and is issued by BlackRock.