Short Interest in iShares LifePath Retirement ETF (NYSEARCA:IRTR) Drops By 67.2%

iShares LifePath Retirement ETF (NYSEARCA:IRTR) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,061 shares, a decrease of 67.2% from the April 30th total of 6,276 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,125 shares, the short-interest ratio is presently 0.2 days.

iShares LifePath Retirement ETF Stock Up 0.1%

NYSEARCA:IRTR traded up $0.02 during mid-day trading on Friday, hitting $32.19. 7,493 shares of the stock traded hands, compared to its average volume of 17,009. The stock has a market capitalization of $53.44 million, a price-to-earnings ratio of 21.46 and a beta of 0.45. iShares LifePath Retirement ETF has a 52 week low of $28.88 and a 52 week high of $32.24. The firm’s 50 day moving average is $31.34 and its two-hundred day moving average is $31.16.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

Several hedge funds have recently added to or reduced their stakes in IRTR. Sunbelt Securities Inc. grew its holdings in iShares LifePath Retirement ETF by 112.9% during 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 last quarter. Jane Street Group LLC boosted its position in iShares LifePath Retirement ETF by 20.7% in the 4th quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock valued at $535,000 after buying an additional 2,978 shares during the period. Geneos Wealth Management Inc. bought a new position in iShares LifePath Retirement ETF in the 1st quarter worth about $74,000. Finally, Ameriflex Group Inc. grew its stake in iShares LifePath Retirement ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 964 shares of the company’s stock worth $30,000 after acquiring an additional 482 shares in the last quarter.

About iShares LifePath Retirement ETF

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.