iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Sees Significant Growth in Short Interest

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 19,489 shares, an increase of 71.0% from the June 30th total of 11,398 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 9,166 shares, the short-interest ratio is presently 2.1 days.

iShares LifePath Target Date 2055 ETF Price Performance

Shares of NYSEARCA ITDG opened at $41.84 on Friday. The company has a market cap of $56.07 million, a price-to-earnings ratio of 20.29 and a beta of 0.89. The stock’s 50-day moving average is $41.86 and its two-hundred day moving average is $40.04. iShares LifePath Target Date 2055 ETF has a 1-year low of $34.33 and a 1-year high of $42.55.

Institutional Trading of iShares LifePath Target Date 2055 ETF

A hedge fund 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) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,481 shares of the company’s stock, valued at approximately $315,000. Citadel Advisors LLC owned about 1.09% of iShares LifePath Target Date 2055 ETF as of its most recent SEC filing.

iShares LifePath Target Date 2055 ETF Company Profile

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.