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) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 13,594 shares, a decrease of 54.2% from the August 31st total of 29,702 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 37,971 shares, the days-to-cover ratio is currently 0.4 days.

iShares LifePath Target Date 2040 ETF Stock Performance

Shares of NYSEARCA ITDD traded down $0.28 during trading on Monday, hitting $38.47. 25,482 shares of the company were exchanged, compared to its average volume of 21,162. iShares LifePath Target Date 2040 ETF has a 12-month low of $34.08 and a 12-month high of $39.47. The company has a fifty day moving average price of $38.80 and a 200-day moving average price of $37.78. The firm has a market capitalization of $121.57 million, a PE ratio of 20.77 and a beta of 0.73.

About iShares LifePath Target Date 2040 ETF

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.