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

iShares LifePath Retirement ETF (NYSEARCA:IRTR) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 26,552 shares, an increase of 72.0% from the June 30th total of 15,440 shares. Based on an average daily volume of 18,615 shares, the short-interest ratio is presently 1.4 days. Currently, 1.5% of the company’s shares are sold short.

iShares LifePath Retirement ETF Stock Performance

Shares of iShares LifePath Retirement ETF stock opened at $31.70 on Friday. The stock has a market cap of $58.33 million, a price-to-earnings ratio of 21.46 and a beta of 0.45. The stock has a 50 day moving average price of $31.90 and a 200-day moving average price of $31.48. iShares LifePath Retirement ETF has a one year low of $29.57 and a one year high of $32.28.

Institutional Trading of iShares LifePath Retirement ETF

A number of institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new position in iShares LifePath Retirement ETF during the first quarter valued at $74,000. Sunbelt Securities Inc. lifted its holdings in shares of iShares LifePath Retirement ETF by 112.9% in 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 during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of 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 worth $535,000 after acquiring an additional 2,978 shares during the last quarter.

iShares LifePath Retirement ETF Company Profile

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.