iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Short Interest Update

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 6,589 shares, a decline of 35.6% from the February 12th total of 10,224 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 5,755 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 5,755 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the company’s stock are short sold.

iShares LifePath Target Date 2060 ETF Price Performance

Shares of ITDH stock traded down $0.28 during mid-day trading on Friday, hitting $37.25. 2,890 shares of the stock traded hands, compared to its average volume of 6,745. iShares LifePath Target Date 2060 ETF has a 52-week low of $27.20 and a 52-week high of $39.81. The stock has a market cap of $26.08 million, a P/E ratio of 20.21 and a beta of 0.87. The stock’s fifty day moving average is $38.80 and its two-hundred day moving average is $37.82.

Institutional Investors Weigh In On iShares LifePath Target Date 2060 ETF

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

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.