Short Interest in iShares LifePath Retirement ETF (NYSEARCA:IRTR) Increases By 769.7%

iShares LifePath Retirement ETF (NYSEARCA:IRTR) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 17,925 shares, a growth of 769.7% from the May 14th total of 2,061 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 11,332 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On iShares LifePath Retirement ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake 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 acquiring an additional 2,978 shares during the period. Sunbelt Securities Inc. raised its stake in iShares LifePath Retirement ETF by 112.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock valued at $218,000 after acquiring an additional 3,765 shares during the period. Geneos Wealth Management Inc. raised its stake in iShares LifePath Retirement ETF by 69.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,400 shares of the company’s stock valued at $131,000 after acquiring an additional 1,800 shares during the period. Finally, Ameriflex Group Inc. raised 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 valued at $30,000 after acquiring an additional 482 shares during the period.

iShares LifePath Retirement ETF Stock Down 0.3%

iShares LifePath Retirement ETF stock traded down $0.08 during midday trading on Wednesday, reaching $31.66. The stock had a trading volume of 1,599 shares, compared to its average volume of 16,793. iShares LifePath Retirement ETF has a 12 month low of $29.07 and a 12 month high of $32.24. The firm’s 50-day moving average price is $31.56 and its 200 day moving average price is $31.22. The firm has a market capitalization of $52.56 million, a PE ratio of 21.46 and a beta of 0.45.

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.