iShares LifePath Retirement ETF (NYSEARCA:IRTR) Sees Significant Drop in Short Interest

iShares LifePath Retirement ETF (NYSEARCA:IRTR) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,291 shares, a decline of 37.5% from the February 26th total of 18,071 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 13,634 shares, the days-to-cover ratio is presently 0.8 days.

iShares LifePath Retirement ETF Stock Down 0.2%

IRTR stock traded down $0.05 during trading hours on Friday, hitting $30.26. The company’s stock had a trading volume of 4,751 shares, compared to its average volume of 21,255. The stock has a 50 day moving average price of $31.17 and a two-hundred day moving average price of $30.92. iShares LifePath Retirement ETF has a 12 month low of $26.90 and a 12 month high of $31.73. The company has a market capitalization of $47.21 million, a PE ratio of 21.46 and a beta of 0.48.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

Hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. raised its holdings in iShares LifePath Retirement ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 964 shares of the company’s stock valued at $30,000 after buying an additional 482 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of iShares LifePath Retirement ETF during the 1st quarter worth about $74,000. Sunbelt Securities Inc. boosted its stake in shares of iShares LifePath Retirement ETF by 112.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock worth $218,000 after acquiring an additional 3,765 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of iShares LifePath Retirement ETF by 20.7% during the 4th quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock valued at $535,000 after acquiring an additional 2,978 shares during 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.