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

iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 22,673 shares, a growth of 159.2% from the August 15th total of 8,746 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 16,602 shares, the short-interest ratio is currently 1.4 days.

iShares LifePath Target Date 2035 ETF Stock Up 0.5%

NYSEARCA ITDC opened at $36.84 on Friday. iShares LifePath Target Date 2035 ETF has a 52 week low of $33.03 and a 52 week high of $37.56. The firm has a market capitalization of $109.78 million, a price-to-earnings ratio of 20.04 and a beta of 0.65. The company has a fifty day moving average of $36.86 and a two-hundred day moving average of $35.94.

Hedge Funds Weigh In On iShares LifePath Target Date 2035 ETF

Several hedge funds have recently added to or reduced their stakes in ITDC. Integrated Wealth Concepts LLC bought a new stake in iShares LifePath Target Date 2035 ETF in the first quarter worth about $345,000. Creative Planning purchased a new stake in shares of iShares LifePath Target Date 2035 ETF in the third quarter worth approximately $203,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of iShares LifePath Target Date 2035 ETF during the 4th quarter worth approximately $102,000.

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.