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

iShares LifePath Retirement ETF (NYSEARCA:IRTR) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 16,900 shares, a growth of 39.7% from the September 30th total of 12,100 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.5% of the shares of the company are sold short.

iShares LifePath Retirement ETF Trading Down 0.7%

Shares of IRTR stock traded down $0.20 during trading on Tuesday, reaching $30.71. 6,827 shares of the company’s stock traded hands, compared to its average volume of 10,507. The company has a market capitalization of $33.78 million, a P/E ratio of 21.46 and a beta of 0.48. The firm’s 50-day moving average is $30.61 and its 200 day moving average is $29.72. iShares LifePath Retirement ETF has a 1 year low of $26.90 and a 1 year high of $31.15.

Institutional Investors Weigh In On iShares LifePath Retirement ETF

An institutional investor recently bought a new position in iShares LifePath Retirement ETF stock. Geneos Wealth Management Inc. purchased a new position in iShares LifePath Retirement ETF (NYSEARCA:IRTR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,600 shares of the company’s stock, valued at approximately $74,000. Geneos Wealth Management Inc. owned 0.50% of iShares LifePath Retirement ETF at the end of the most recent reporting 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.