iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) Sees Significant Increase in Short Interest

iShares LifePath Target Date 2060 ETF (NYSEARCA:ITDH) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 11,241 shares, a growth of 112.9% from the July 30th total of 5,280 shares. Based on an average trading volume of 5,258 shares, the short-interest ratio is currently 2.1 days. Approximately 1.2% of the shares of the stock are short sold.

iShares LifePath Target Date 2060 ETF Stock Performance

ITDH stock opened at $43.25 on Monday. The company has a market capitalization of $39.79 million, a PE ratio of 20.21 and a beta of 0.88. iShares LifePath Target Date 2060 ETF has a one year low of $35.38 and a one year high of $43.82. The company’s 50 day moving average price is $42.38 and its two-hundred day moving average price is $40.68.

About iShares LifePath Target Date 2060 ETF

The iShares LifePath Target Date 2060 ETF USD (ITDH) is an exchange-traded fund that mostly invests in target date asset allocation. The fund is an actively managed fund-of-funds that invests in equity, fixed income, and money market ETFs using an asset allocation strategy that shifts exposure as the target retirement date approaches. The fund is intended for investors who anticipate retiring around 2060 ITDH was launched on Oct 17, 2023 and is issued by BlackRock.