iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 17,038 shares, a growth of 302.7% from the June 15th total of 4,231 shares. Based on an average daily volume of 16,281 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the shares of the stock are sold short.
iShares LifePath Target Date 2035 ETF Trading Down 0.8%
iShares LifePath Target Date 2035 ETF stock traded down $0.30 during trading hours on Monday, reaching $36.43. 10,857 shares of the stock were exchanged, compared to its average volume of 23,331. iShares LifePath Target Date 2035 ETF has a twelve month low of $32.00 and a twelve month high of $36.91. The company has a market cap of $107.10 million, a P/E ratio of 20.04 and a beta of 0.65. The stock has a 50 day moving average of $36.39 and a two-hundred day moving average of $35.24.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in ITDC. Integrated Wealth Concepts LLC acquired a new position in iShares LifePath Target Date 2035 ETF during the first quarter valued at approximately $345,000. Creative Planning acquired a new stake in shares of iShares LifePath Target Date 2035 ETF in the 3rd quarter valued at $203,000. Finally, Kestra Advisory Services LLC bought a new position in shares of iShares LifePath Target Date 2035 ETF in the 4th quarter valued at $102,000.
About iShares LifePath Target Date 2035 ETF
The iShares LifePath Target Date 2035 ETF USD (ITDC) 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 2035 ITDC was launched on Oct 17, 2023 and is issued by BlackRock.
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