iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,509 shares, a decline of 66.9% from the August 15th total of 7,578 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 3,557 shares, the days-to-cover ratio is presently 0.7 days.
iShares LifePath Target Date 2065 ETF Trading Up 0.9%
ITDI stock traded up $0.40 during trading on Friday, hitting $42.91. The company had a trading volume of 2,595 shares, compared to its average volume of 4,188. The stock has a market cap of $27.46 million, a PE ratio of 20.19 and a beta of 0.89. iShares LifePath Target Date 2065 ETF has a one year low of $35.92 and a one year high of $43.70. The business has a 50-day moving average of $42.61 and a 200-day moving average of $40.92.
Hedge Funds Weigh In On iShares LifePath Target Date 2065 ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. Orion Porfolio Solutions LLC bought a new position in iShares LifePath Target Date 2065 ETF during the third quarter worth $465,000. Heck Capital Advisors LLC grew its holdings in shares of iShares LifePath Target Date 2065 ETF by 24.2% during the second quarter. Heck Capital Advisors LLC now owns 11,832 shares of the company’s stock valued at $499,000 after buying an additional 2,307 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of iShares LifePath Target Date 2065 ETF by 61.1% during the second quarter. Citadel Advisors LLC now owns 16,599 shares of the company’s stock worth $700,000 after acquiring an additional 6,295 shares in the last quarter.
iShares LifePath Target Date 2065 ETF Company Profile
The iShares LifePath Target Date 2065 ETF (ITDI) 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 2065 ITDI was launched on Oct 17, 2023 and is issued by BlackRock.
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