iShares LifePath Retirement ETF (NYSEARCA:IRTR) Sees Large Decrease in Short Interest

iShares LifePath Retirement ETF (NYSEARCA:IRTR) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 9,506 shares, a drop of 66.6% from the July 30th total of 28,483 shares. Based on an average daily volume of 12,344 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in iShares LifePath Retirement ETF by 69.2% during the second quarter. Geneos Wealth Management Inc. now owns 4,400 shares of the company’s stock worth $131,000 after acquiring an additional 1,800 shares during the period. Sunbelt Securities Inc. grew its stake in iShares LifePath Retirement ETF by 112.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock valued at $218,000 after purchasing an additional 3,765 shares during the period. Finally, Jane Street Group LLC increased its position in shares of iShares LifePath Retirement ETF by 20.7% during the 4th quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock valued at $535,000 after purchasing an additional 2,978 shares during the last quarter.

iShares LifePath Retirement ETF Stock Down 0.3%

iShares LifePath Retirement ETF stock traded down $0.10 during midday trading on Friday, hitting $32.05. 7,833 shares of the stock were exchanged, compared to its average volume of 15,759. iShares LifePath Retirement ETF has a 52-week low of $29.92 and a 52-week high of $32.28. The business’s 50-day moving average price is $31.92 and its 200-day moving average price is $31.60. The stock has a market capitalization of $58.97 million, a price-to-earnings ratio of 21.46 and a beta of 0.45.

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.