iShares LifePath Retirement ETF (NYSEARCA:IRTR) Short Interest Up 1,162.8% in April

iShares LifePath Retirement ETF (NYSEARCA:IRTR) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,276 shares, a growth of 1,162.8% from the April 15th total of 497 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,848 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares LifePath Retirement ETF

Hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in iShares LifePath Retirement ETF by 69.2% during the second quarter. Geneos Wealth Management Inc. now owns 4,400 shares of the company’s stock worth $131,000 after purchasing an additional 1,800 shares during the last quarter. Jane Street Group LLC lifted its stake in 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 purchasing an additional 2,978 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in 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 purchasing an additional 3,765 shares during the last quarter. Finally, Ameriflex Group Inc. increased its holdings in shares of iShares LifePath Retirement ETF by 100.0% in 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.

iShares LifePath Retirement ETF Stock Performance

NYSEARCA:IRTR opened at $31.93 on Tuesday. The firm has a market capitalization of $53.00 million, a price-to-earnings ratio of 21.46 and a beta of 0.45. iShares LifePath Retirement ETF has a 52-week low of $28.64 and a 52-week high of $31.98. The stock has a fifty day moving average of $31.12 and a 200 day moving average of $31.06.

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.