Short Interest in iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) Drops By 66.9%

by · The Cerbat Gem

iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,509 shares, a drop of 66.9% from the August 15th total of 7,578 shares. Based on an average trading volume of 3,557 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.

iShares LifePath Target Date 2065 ETF Trading Up 0.9%

NYSEARCA:ITDI traded up $0.40 during midday trading on Friday, hitting $42.91. 2,595 shares of the stock were exchanged, compared to its average volume of 4,188. The company has a market capitalization of $27.46 million, a price-to-earnings 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 price of $42.61 and a two-hundred day moving average price of $40.91.

Institutional Trading of iShares LifePath Target Date 2065 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Heck Capital Advisors LLC lifted its holdings in shares of iShares LifePath Target Date 2065 ETF by 24.2% in 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 period. Citadel Advisors LLC grew its holdings in 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 during the period. Finally, Orion Porfolio Solutions LLC acquired a new position in iShares LifePath Target Date 2065 ETF during the third quarter worth about $465,000.

iShares LifePath Target Date 2065 ETF Company Profile

(Get Free Report)

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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