iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Update

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 400 shares, a drop of 64.6% from the March 15th total of 1,130 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 5,262 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On iShares S&P 500 3% Capped ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Granite Bay Wealth Management LLC purchased a new stake in shares of iShares S&P 500 3% Capped ETF during the third quarter worth $208,000. Royal Bank of Canada lifted its position in shares of iShares S&P 500 3% Capped ETF by 729.5% during the fourth quarter. Royal Bank of Canada now owns 8,295 shares of the company’s stock worth $257,000 after acquiring an additional 7,295 shares in the last quarter. Finally, AGF Management Ltd. purchased a new stake in shares of iShares S&P 500 3% Capped ETF during the third quarter worth $750,000.

iShares S&P 500 3% Capped ETF Price Performance

Shares of TOPC traded up $0.18 during trading hours on Tuesday, hitting $31.74. The company’s stock had a trading volume of 2,375 shares, compared to its average volume of 8,782. The company has a market cap of $25.39 million, a price-to-earnings ratio of 25.86 and a beta of 0.96. The business has a 50 day simple moving average of $31.00 and a two-hundred day simple moving average of $30.95. iShares S&P 500 3% Capped ETF has a 52-week low of $23.87 and a 52-week high of $31.98.

iShares S&P 500 3% Capped ETF Company Profile

The iShares S&P 500 3% Capped ETF (TOPC) is an exchange-traded fund that is based on the S&P 500 3% Capped index, a capped, market-cap-weighted index of 500 large-cap US stocks selected by the S&P Index Committee.