iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Update

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 10,929 shares, a decrease of 61.0% from the January 29th total of 28,008 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 18,388 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 18,388 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the shares of the company are short sold.

iShares LifePath Target Date 2040 ETF Stock Performance

NYSEARCA ITDD traded down $0.05 on Friday, reaching $36.82. 13,113 shares of the company’s stock traded hands, compared to its average volume of 26,238. The firm has a market cap of $72.90 million, a price-to-earnings ratio of 20.77 and a beta of 0.74. The stock has a 50 day moving average price of $36.05 and a 200-day moving average price of $35.35. iShares LifePath Target Date 2040 ETF has a fifty-two week low of $27.55 and a fifty-two week high of $37.00.

Institutional Trading of iShares LifePath Target Date 2040 ETF

A number of hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its holdings in iShares LifePath Target Date 2040 ETF by 15.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,613 shares of the company’s stock worth $92,000 after acquiring an additional 359 shares during the period. Capital Advisors Ltd. LLC acquired a new position in iShares LifePath Target Date 2040 ETF during the fourth quarter worth about $41,000. McIlrath & Eck LLC grew its stake in iShares LifePath Target Date 2040 ETF by 7,953.1% during the 4th 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 in the last quarter. Bellwether Advisors LLC purchased a new position in iShares LifePath Target Date 2040 ETF in the 4th quarter worth approximately $249,000. Finally, Jane Street Group LLC purchased a new position in iShares LifePath Target Date 2040 ETF in the 4th quarter worth approximately $638,000.

About iShares LifePath Target Date 2040 ETF

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.