iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Short Interest Up 214.6% in April

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 7,465 shares, an increase of 214.6% from the April 15th total of 2,373 shares. Based on an average trading volume of 5,542 shares, the short-interest ratio is currently 1.3 days. Currently, 0.9% of the shares of the stock are short sold.

iShares LifePath Target Date 2060 ETF Trading Down 1.7%

NYSEARCA:ITDH traded down $0.69 on Friday, hitting $41.00. The company had a trading volume of 5,826 shares, compared to its average volume of 6,279. The stock has a market capitalization of $32.80 million, a price-to-earnings ratio of 20.21 and a beta of 0.89. The firm has a 50 day moving average of $38.89 and a two-hundred day moving average of $38.48. iShares LifePath Target Date 2060 ETF has a 52 week low of $32.31 and a 52 week high of $41.76.

Institutional Investors 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. Wealth Enhancement Advisory Services LLC bought a new position in iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,780 shares of the company’s stock, valued at approximately $299,000. Wealth Enhancement Advisory Services LLC owned approximately 1.30% of iShares LifePath Target Date 2060 ETF as of its most recent SEC filing.

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.