iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 13,449 shares, a decline of 45.7% from the May 31st total of 24,766 shares. Based on an average trading volume of 8,809 shares, the short-interest ratio is presently 1.5 days. Approximately 1.1% of the shares of the company are short sold.
iShares LifePath Target Date 2055 ETF Price Performance
NYSEARCA:ITDG traded down $0.21 on Wednesday, reaching $41.96. 16,147 shares of the company’s stock were exchanged, compared to its average volume of 10,425. The stock has a fifty day simple moving average of $41.42 and a 200-day simple moving average of $39.48. iShares LifePath Target Date 2055 ETF has a 52 week low of $34.33 and a 52 week high of $42.55. The firm has a market cap of $51.19 million, a price-to-earnings ratio of 20.29 and a beta of 0.89.
Hedge Funds Weigh In On iShares LifePath Target Date 2055 ETF
An institutional investor recently bought a new stake in iShares LifePath Target Date 2055 ETF stock. Citadel Advisors LLC purchased a new position in iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,481 shares of the company’s stock, valued at approximately $315,000. Citadel Advisors LLC owned approximately 1.09% of iShares LifePath Target Date 2055 ETF at the end of the most recent quarter.
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.
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