iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) Sees Significant Drop in Short Interest

iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 4,585 shares, a decline of 42.2% from the December 31st total of 7,937 shares. Based on an average daily volume of 19,660 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 19,660 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares LifePath Target Date 2050 ETF

A hedge fund recently raised its stake in iShares LifePath Target Date 2050 ETF stock. Citadel Advisors LLC raised its position in shares of iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) by 78.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,107 shares of the company’s stock after purchasing an additional 6,208 shares during the quarter. Citadel Advisors LLC owned 1.24% of iShares LifePath Target Date 2050 ETF worth $518,000 at the end of the most recent quarter.

iShares LifePath Target Date 2050 ETF Price Performance

ITDF stock traded down $0.29 on Friday, reaching $38.33. 3,621 shares of the company traded hands, compared to its average volume of 16,789. iShares LifePath Target Date 2050 ETF has a one year low of $27.29 and a one year high of $38.77. The company has a market cap of $55.20 million, a P/E ratio of 20.56 and a beta of 0.85. The firm has a fifty day simple moving average of $37.69 and a 200-day simple moving average of $36.64.

About iShares LifePath Target Date 2050 ETF

The iShares LifePath Target Date 2050 ETF USD (ITDF) 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 2050. ITDF was launched on Oct 17, 2023 and is issued by BlackRock.