Short Interest in iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Drops By 38.3%

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDGGet Free Report) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 11,327 shares, a decrease of 38.3% from the December 31st total of 18,356 shares. Based on an average daily trading volume, of 8,851 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 8,851 shares, the days-to-cover ratio is presently 1.3 days.

iShares LifePath Target Date 2055 ETF Trading Down 0.9%

NYSEARCA ITDG traded down $0.37 on Friday, hitting $38.83. The company’s stock had a trading volume of 22,898 shares, compared to its average volume of 12,370. The firm has a market cap of $37.28 million, a P/E ratio of 20.29 and a beta of 0.87. iShares LifePath Target Date 2055 ETF has a 52-week low of $27.35 and a 52-week high of $39.37. The company’s 50-day simple moving average is $38.20 and its 200 day simple moving average is $37.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. grew its stake in iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDGFree Report) by 1,710.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,086 shares of the company’s stock after purchasing an additional 1,026 shares during the quarter. Sunbelt Securities Inc. owned about 0.14% of iShares LifePath Target Date 2055 ETF worth $40,000 at the end of the most recent quarter.

iShares LifePath Target Date 2055 ETF Company Profile

(Get Free Report)

The iShares LifePath Target Date 2055 ETF (ITDG) 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 2055 ITDG was launched on Oct 17, 2023 and is issued by BlackRock.

Further Reading

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