iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 13,649 shares, an increase of 19.1% from the March 31st total of 11,461 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 17,276 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Trading of iShares LifePath Target Date 2050 ETF
A number of institutional investors and hedge funds have recently modified their holdings of ITDF. Sound Financial Strategies Group LLC bought a new stake in shares of iShares LifePath Target Date 2050 ETF in the fourth quarter worth about $201,000. Citadel Advisors LLC increased its holdings in shares of iShares LifePath Target Date 2050 ETF by 78.6% in the third quarter. Citadel Advisors LLC now owns 14,107 shares of the company’s stock worth $518,000 after acquiring an additional 6,208 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of iShares LifePath Target Date 2050 ETF by 28.3% in the third quarter. Susquehanna International Group LLP now owns 14,096 shares of the company’s stock worth $518,000 after acquiring an additional 3,107 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of iShares LifePath Target Date 2050 ETF in the fourth quarter worth about $816,000.
iShares LifePath Target Date 2050 ETF Price Performance
Shares of ITDF traded up $0.04 during trading hours on Friday, hitting $39.91. The stock had a trading volume of 52,928 shares, compared to its average volume of 15,264. The company’s fifty day moving average is $38.07 and its two-hundred day moving average is $37.79. iShares LifePath Target Date 2050 ETF has a 52 week low of $31.44 and a 52 week high of $40.07. The stock has a market capitalization of $67.85 million, a price-to-earnings ratio of 20.56 and a beta of 0.87.
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.
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