Short Interest in iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Rises By 20.8%

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 9,762 shares, a growth of 20.8% from the December 15th total of 8,084 shares. Based on an average daily volume of 3,785 shares, the short-interest ratio is currently 2.6 days. Currently, 1.5% of the company’s stock are sold short. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 3,785 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares LifePath Target Date 2060 ETF stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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 at the end of the most recent reporting period.

iShares LifePath Target Date 2060 ETF Stock Performance

Shares of NYSEARCA:ITDH remained flat at $38.69 during midday trading on Monday. 3,463 shares of the company were exchanged, compared to its average volume of 7,069. iShares LifePath Target Date 2060 ETF has a fifty-two week low of $27.20 and a fifty-two week high of $38.86. The stock’s fifty day moving average price is $37.85 and its two-hundred day moving average price is $36.77. The firm has a market cap of $24.76 million, a price-to-earnings ratio of 20.21 and a beta of 0.87.

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.