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 increase in short interest in March. As of March 13th, there was short interest totaling 8,859 shares, an increase of 34.5% from the February 26th total of 6,589 shares. Based on an average trading volume of 6,595 shares, the short-interest ratio is currently 1.3 days. Approximately 1.3% of the shares of the stock are short sold.

iShares LifePath Target Date 2060 ETF Trading Down 1.3%

NYSEARCA:ITDH traded down $0.47 during mid-day trading on Friday, hitting $36.06. The company’s stock had a trading volume of 2,633 shares, compared to its average volume of 6,440. The company has a market capitalization of $25.24 million, a price-to-earnings ratio of 20.21 and a beta of 0.87. iShares LifePath Target Date 2060 ETF has a fifty-two week low of $27.20 and a fifty-two week high of $39.81. The stock has a fifty day moving average of $38.51 and a 200-day moving average of $37.90.

Hedge Funds Weigh In On iShares LifePath Target Date 2060 ETF

An institutional investor recently bought a new position in iShares LifePath Target Date 2060 ETF stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,780 shares of the company’s stock, valued at approximately $299,000. Wealth Enhancement Advisory Services LLC owned 1.30% of iShares LifePath Target Date 2060 ETF at the end of the most recent reporting period.

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.