iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Sees Significant Decrease in Short Interest

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 3,016 shares, a drop of 75.2% from the January 15th total of 12,170 shares. Based on an average daily volume of 6,874 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 6,874 shares, the days-to-cover ratio is currently 0.4 days.

iShares LifePath Target Date 2060 ETF Price Performance

Shares of ITDH traded up $0.10 during midday trading on Wednesday, reaching $39.55. The stock had a trading volume of 5,492 shares, compared to its average volume of 7,210. The firm’s 50 day moving average price is $38.37 and its 200-day moving average price is $37.25. iShares LifePath Target Date 2060 ETF has a 52 week low of $27.20 and a 52 week high of $39.79. The company has a market capitalization of $27.69 million, a P/E ratio of 20.21 and a beta of 0.87.

Institutional Trading of iShares LifePath Target Date 2060 ETF

An institutional investor recently bought a new position in iShares LifePath Target Date 2060 ETF stock. Cyr Financial Inc. bought a new position in shares of iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,645 shares of the company’s stock, valued at approximately $209,000. Cyr Financial Inc. owned approximately 1.01% of iShares LifePath Target Date 2060 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.