iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Down 53.3% in June

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 11,657 shares, a drop of 53.3% from the June 15th total of 24,985 shares. Based on an average trading volume of 15,444 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares LifePath Target Date 2040 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in iShares LifePath Target Date 2040 ETF in the fourth quarter valued at $638,000. Sunbelt Securities Inc. boosted its stake in iShares LifePath Target Date 2040 ETF by 15.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,613 shares of the company’s stock worth $92,000 after buying an additional 359 shares during the last quarter. Bellwether Advisors LLC purchased a new stake in iShares LifePath Target Date 2040 ETF in the 4th quarter valued at about $249,000. McIlrath & Eck LLC grew its holdings in iShares LifePath Target Date 2040 ETF by 7,953.1% in the 4th quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock valued at $91,000 after buying an additional 2,545 shares during the period. Finally, Capital Advisors Ltd. LLC acquired a new position in shares of iShares LifePath Target Date 2040 ETF during the 4th quarter valued at about $41,000.

iShares LifePath Target Date 2040 ETF Price Performance

ITDD stock traded up $0.17 during midday trading on Tuesday, hitting $38.42. The stock had a trading volume of 584 shares, compared to its average volume of 21,171. The company’s 50-day moving average price is $38.18 and its 200 day moving average price is $36.77. The firm has a market cap of $103.73 million, a PE ratio of 20.77 and a beta of 0.73. iShares LifePath Target Date 2040 ETF has a 12-month low of $32.89 and a 12-month high of $38.75.

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.