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

by · The Cerbat Gem

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH – Get Free Report) 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 daily volume of 5,542 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.9% of the company’s stock are short sold.

iShares LifePath Target Date 2060 ETF Trading Up 0.4%

NYSEARCA:ITDH traded up $0.17 during trading hours on Thursday, hitting $41.69. 5,619 shares of the stock traded hands, compared to its average volume of 6,284. The firm has a 50 day moving average price of $38.84 and a 200 day moving average price of $38.46. iShares LifePath Target Date 2060 ETF has a fifty-two week low of $32.31 and a fifty-two week high of $41.76. The firm has a market cap of $33.35 million, a price-to-earnings ratio of 20.21 and a beta of 0.89.

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 purchased a new position in iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,780 shares of the company’s stock, valued at approximately $299,000. Wealth Enhancement Advisory Services LLC owned about 1.30% of iShares LifePath Target Date 2060 ETF at the end of the most recent quarter.

iShares LifePath Target Date 2060 ETF Company Profile

(Get Free Report)

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.

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