iShares LifePath Retirement ETF (NYSEARCA:IRTR) Short Interest Down 67.2% in May

iShares LifePath Retirement ETF (NYSEARCA:IRTR) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,061 shares, a decrease of 67.2% from the April 30th total of 6,276 shares. Based on an average daily trading volume, of 9,125 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

iShares LifePath Retirement ETF Stock Performance

Shares of IRTR opened at $32.19 on Monday. The stock has a market capitalization of $53.44 million, a P/E ratio of 21.46 and a beta of 0.45. The firm’s fifty day simple moving average is $31.34 and its two-hundred day simple moving average is $31.16. iShares LifePath Retirement ETF has a 12 month low of $28.88 and a 12 month high of $32.24.

Institutional Trading of iShares LifePath Retirement ETF

Hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. increased its holdings in shares of 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 acquiring an additional 482 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in iShares LifePath Retirement ETF during the 1st quarter worth approximately $74,000. Sunbelt Securities Inc. raised its stake in shares of iShares LifePath Retirement ETF by 112.9% in the third quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock worth $218,000 after purchasing 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 fourth quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock valued at $535,000 after purchasing an additional 2,978 shares in 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.