Short Interest in iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Grows By 112.9%

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 11,241 shares, an increase of 112.9% from the July 30th total of 5,280 shares. Based on an average daily trading volume, of 5,258 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.2% of the shares of the stock are sold short.

iShares LifePath Target Date 2060 ETF Trading Down 0.4%

iShares LifePath Target Date 2060 ETF stock traded down $0.16 during mid-day trading on Friday, hitting $43.25. The stock had a trading volume of 4,629 shares, compared to its average volume of 6,078. The firm has a market capitalization of $39.79 million, a P/E ratio of 20.21 and a beta of 0.88. The firm’s 50 day moving average is $42.38 and its 200 day moving average is $40.67. iShares LifePath Target Date 2060 ETF has a one year low of $35.38 and a one year high of $43.82.

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.