iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Shares Shorted: Short Interest Down 54.2% in September

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 13,594 shares, a drop of 54.2% from the August 31st total of 29,702 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 37,971 shares, the short-interest ratio is presently 0.4 days.

iShares LifePath Target Date 2040 ETF Price Performance

Shares of ITDD stock traded down $0.28 during trading on Monday, hitting $38.47. 25,482 shares of the stock traded hands, compared to its average volume of 21,162. iShares LifePath Target Date 2040 ETF has a 52-week low of $34.08 and a 52-week high of $39.47. The firm has a market capitalization of $121.57 million, a P/E ratio of 20.77 and a beta of 0.73. The firm’s fifty day moving average price is $38.80 and its 200-day moving average price is $37.78.

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iShares LifePath Target Date 2040 ETF Company Profile

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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.

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