Short Interest in iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Increases By 214.6%

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 7,465 shares, an increase of 214.6% from the April 15th total of 2,373 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 5,542 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares LifePath Target Date 2060 ETF stock. Cyr Financial Inc. acquired a new position in iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,645 shares of the company’s stock, valued at approximately $209,000. Cyr Financial Inc. owned 1.01% of iShares LifePath Target Date 2060 ETF as of its most recent filing with the Securities & Exchange Commission.

iShares LifePath Target Date 2060 ETF Price Performance

ITDH stock traded down $0.69 during trading on Friday, hitting $41.00. 5,826 shares of the company traded hands, compared to its average volume of 6,279. The stock’s 50-day simple moving average is $38.89 and its 200 day simple moving average is $38.48. The company has a market cap of $32.80 million, a PE ratio of 20.21 and a beta of 0.89. iShares LifePath Target Date 2060 ETF has a 1 year low of $32.31 and a 1 year high of $41.76.

About iShares LifePath Target Date 2060 ETF

The iShares LifePath Target Date 2060 ETF USD (ITDH) 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 2060 ITDH was launched on Oct 17, 2023 and is issued by BlackRock.