iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Short Interest Up 34.5% in March

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 8,859 shares, a growth of 34.5% from the February 26th total of 6,589 shares. Based on an average daily trading volume, of 6,595 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.3% of the shares of the company are sold short.

iShares LifePath Target Date 2060 ETF Trading Down 1.3%

ITDH traded down $0.47 during trading on Friday, hitting $36.06. The stock had a trading volume of 2,633 shares, compared to its average volume of 6,440. The firm has a market cap of $25.24 million, a PE ratio of 20.21 and a beta of 0.87. iShares LifePath Target Date 2060 ETF has a 12 month low of $27.20 and a 12 month high of $39.81. The company has a 50 day simple moving average of $38.51 and a 200-day simple moving average of $37.90.

Hedge Funds Weigh In On iShares LifePath Target Date 2060 ETF

A hedge fund recently bought a new stake in iShares LifePath Target Date 2060 ETF stock. Cyr Financial Inc. bought a new stake in shares of iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,645 shares of the company’s stock, valued at approximately $209,000. Cyr Financial Inc. owned about 1.01% of iShares LifePath Target Date 2060 ETF at the end of the most recent reporting period.

iShares LifePath Target Date 2060 ETF Company Profile

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.