Short Interest in iShares LifePath Retirement ETF (NYSEARCA:IRTR) Decreases By 66.6%

iShares LifePath Retirement ETF (NYSEARCA:IRTR) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 9,506 shares, a decrease of 66.6% from the July 30th total of 28,483 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 12,344 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IRTR. Geneos Wealth Management Inc. bought a new stake in iShares LifePath Retirement ETF in the 1st quarter valued at $74,000. Sunbelt Securities Inc. boosted its holdings in shares of iShares LifePath Retirement ETF by 112.9% during the third quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock worth $218,000 after acquiring an additional 3,765 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of iShares LifePath Retirement ETF by 20.7% during the fourth quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock worth $535,000 after purchasing an additional 2,978 shares during the period.

iShares LifePath Retirement ETF Stock Performance

NYSEARCA:IRTR traded down $0.10 during mid-day trading on Friday, hitting $32.05. The stock had a trading volume of 7,833 shares, compared to its average volume of 15,759. iShares LifePath Retirement ETF has a twelve month low of $29.92 and a twelve month high of $32.28. The stock has a market cap of $58.97 million, a price-to-earnings ratio of 21.46 and a beta of 0.45. The company’s 50 day simple moving average is $31.92 and its 200 day simple moving average is $31.61.

iShares LifePath Retirement ETF Company Profile

The iShares LifePath Retirement ETF (IRTR) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that seeks to provide retirement outcomes through an actively managed portfolio of equity, fixed income, and money market ETFs. IRTR was launched on Oct 17, 2023 and is issued by BlackRock.