iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Sees Large Growth in Short Interest

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 18,442 shares, an increase of 146.2% from the April 30th total of 7,492 shares. Based on an average trading volume of 9,791 shares, the short-interest ratio is presently 1.9 days. Currently, 1.5% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares LifePath Target Date 2055 ETF

A hedge fund recently raised its stake in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. grew its position in iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) by 106.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,595 shares of the company’s stock after buying an additional 1,338 shares during the period. Sunbelt Securities Inc. owned 0.21% of iShares LifePath Target Date 2055 ETF worth $96,000 as of its most recent SEC filing.

iShares LifePath Target Date 2055 ETF Trading Up 0.1%

Shares of ITDG stock opened at $42.25 on Friday. iShares LifePath Target Date 2055 ETF has a twelve month low of $32.84 and a twelve month high of $42.33. The company’s 50-day moving average price is $39.65 and its 200-day moving average price is $38.78. The stock has a market cap of $51.55 million, a price-to-earnings ratio of 20.29 and a beta of 0.89.

About iShares LifePath Target Date 2055 ETF

The iShares LifePath Target Date 2055 ETF (ITDG) 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 2055 ITDG was launched on Oct 17, 2023 and is issued by BlackRock.