iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) Sees Significant Decrease in Short Interest

iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 4,231 shares, a decrease of 36.6% from the May 31st total of 6,672 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 26,927 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares LifePath Target Date 2035 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in iShares LifePath Target Date 2035 ETF during the fourth quarter worth about $102,000. Creative Planning purchased a new position in iShares LifePath Target Date 2035 ETF during the third quarter valued at approximately $203,000. Finally, Integrated Wealth Concepts LLC purchased a new position in iShares LifePath Target Date 2035 ETF during the first quarter valued at approximately $345,000.

iShares LifePath Target Date 2035 ETF Price Performance

Shares of NYSEARCA:ITDC remained flat at $36.57 during midday trading on Thursday. 4,755 shares of the stock were exchanged, compared to its average volume of 23,504. The firm has a fifty day moving average price of $36.22 and a two-hundred day moving average price of $35.14. iShares LifePath Target Date 2035 ETF has a 1 year low of $32.00 and a 1 year high of $36.91. The firm has a market capitalization of $102.40 million, a price-to-earnings ratio of 20.04 and a beta of 0.65.

iShares LifePath Target Date 2035 ETF Company Profile

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.