iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Short Interest Up 387.9% in December

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 25,062 shares, an increase of 387.9% from the November 30th total of 5,137 shares. Based on an average daily volume of 21,433 shares, the short-interest ratio is presently 1.2 days. Approximately 1.7% of the company’s shares are sold short. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 21,433 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On iShares LifePath Target Date 2040 ETF

An institutional investor recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Sunbelt Securities Inc. bought a new stake in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,254 shares of the company’s stock, valued at approximately $79,000. Sunbelt Securities Inc. owned approximately 0.15% of iShares LifePath Target Date 2040 ETF at the end of the most recent reporting period.

iShares LifePath Target Date 2040 ETF Stock Performance

ITDD traded up $0.03 during trading on Friday, reaching $35.52. The company had a trading volume of 23,745 shares, compared to its average volume of 12,948. The firm’s 50-day simple moving average is $35.48 and its 200 day simple moving average is $34.39. The company has a market cap of $51.86 million, a price-to-earnings ratio of 20.77 and a beta of 0.74. iShares LifePath Target Date 2040 ETF has a 12-month low of $27.55 and a 12-month high of $35.97.

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.