iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Up 387.9% in December

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 25,062 shares, a growth of 387.9% from the November 30th total of 5,137 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 21,433 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 21,433 shares, the short-interest ratio is presently 1.2 days. Currently, 1.7% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares LifePath Target Date 2040 ETF

An institutional investor recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,254 shares of the company’s stock, valued at approximately $79,000. Sunbelt Securities Inc. owned 0.15% of iShares LifePath Target Date 2040 ETF at the end of the most recent quarter.

iShares LifePath Target Date 2040 ETF Stock Up 0.1%

NYSEARCA:ITDD opened at $35.52 on Friday. The company has a fifty day moving average of $35.48 and a 200-day moving average of $34.39. The firm has a market capitalization of $51.86 million, a P/E ratio of 20.77 and a beta of 0.74. iShares LifePath Target Date 2040 ETF has a twelve month low of $27.55 and a twelve month high of $35.97.

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.