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

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

iShares LifePath Retirement ETF Stock Performance

Shares of NYSEARCA IRTR opened at $31.94 on Friday. iShares LifePath Retirement ETF has a 52-week low of $29.07 and a 52-week high of $32.24. The firm has a 50 day moving average price of $31.61 and a two-hundred day moving average price of $31.24. The stock has a market cap of $53.02 million, a P/E ratio of 21.46 and a beta of 0.45.

Institutional Investors Weigh In On iShares LifePath Retirement ETF

Large investors have recently modified their holdings of the company. Ameriflex Group Inc. increased its position 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 worth $30,000 after buying an additional 482 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of iShares LifePath Retirement ETF during the first quarter worth $74,000. Sunbelt Securities Inc. increased its position in shares of iShares LifePath Retirement ETF by 112.9% during the third quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock worth $218,000 after buying an additional 3,765 shares during the period. Finally, Jane Street Group LLC increased its position in shares of iShares LifePath Retirement ETF by 20.7% during the fourth quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock worth $535,000 after buying an additional 2,978 shares during the period.

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.