iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Sees Large Increase in Short Interest

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 8,084 shares, an increase of 33.9% from the November 30th total of 6,037 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 4,761 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 4,761 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Trading of 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 position in iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,645 shares of the company’s stock, valued at approximately $209,000. Cyr Financial Inc. owned approximately 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 Stock Up 0.0%

Shares of ITDH stock traded up $0.01 during trading on Tuesday, hitting $37.86. The company had a trading volume of 8,934 shares, compared to its average volume of 4,293. The stock’s 50-day moving average is $37.67 and its two-hundred day moving average is $36.36. The stock has a market capitalization of $21.20 million, a price-to-earnings ratio of 20.21 and a beta of 0.87. iShares LifePath Target Date 2060 ETF has a 52 week low of $27.20 and a 52 week high of $38.39.

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.