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

iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 8,495 shares, an increase of 90.7% from the January 29th total of 4,455 shares. Based on an average daily volume of 16,965 shares, the short-interest ratio is presently 0.5 days. Currently, 0.6% of the company’s stock are short sold. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 16,965 shares, the short-interest ratio is presently 0.5 days.

iShares LifePath Target Date 2050 ETF Trading Down 0.2%

NYSEARCA:ITDF opened at $39.07 on Friday. The stock has a market capitalization of $56.26 million, a PE ratio of 20.56 and a beta of 0.85. iShares LifePath Target Date 2050 ETF has a 1-year low of $27.29 and a 1-year high of $39.31. The firm has a fifty day simple moving average of $38.24 and a 200 day simple moving average of $37.23.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in iShares LifePath Target Date 2050 ETF in the 4th quarter valued at about $816,000. Citadel Advisors LLC increased its position in iShares LifePath Target Date 2050 ETF by 78.6% during the third quarter. Citadel Advisors LLC now owns 14,107 shares of the company’s stock worth $518,000 after buying an additional 6,208 shares during the last quarter. Susquehanna International Group LLP lifted its position 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 valued at $518,000 after buying an additional 3,107 shares during the last quarter. Finally, Sound Financial Strategies Group LLC acquired a new stake in shares of iShares LifePath Target Date 2050 ETF in the fourth quarter valued at approximately $201,000.

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.