iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 237,206 shares, an increase of 67.0% from the July 15th total of 142,062 shares. Based on an average daily volume of 322,380 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.2% of the shares of the company are sold short.
iShares Top 20 U.S. Stocks ETF Trading Down 0.8%
NYSEARCA TOPT traded down $0.26 on Tuesday, hitting $33.53. 213,818 shares of the company traded hands, compared to its average volume of 404,279. The business’s 50 day moving average price is $33.07 and its 200-day moving average price is $31.80. iShares Top 20 U.S. Stocks ETF has a 52-week low of $27.54 and a 52-week high of $34.47. The company has a market capitalization of $676.64 million, a price-to-earnings ratio of 32.42 and a beta of 1.13.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of iShares Top 20 U.S. Stocks ETF by 451.4% during the 1st quarter. Royal Bank of Canada now owns 102,000 shares of the company’s stock valued at $2,430,000 after acquiring an additional 83,500 shares during the period. Jane Street Group LLC lifted its holdings in iShares Top 20 U.S. Stocks ETF by 21.9% during the first quarter. Jane Street Group LLC now owns 15,722 shares of the company’s stock valued at $374,000 after purchasing an additional 2,820 shares in the last quarter. Diversify Advisory Services LLC boosted its position in shares of iShares Top 20 U.S. Stocks ETF by 10.0% in the second quarter. Diversify Advisory Services LLC now owns 9,466 shares of the company’s stock worth $275,000 after purchasing an additional 857 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of iShares Top 20 U.S. Stocks ETF by 876.1% in the second quarter. Tower Research Capital LLC TRC now owns 79,510 shares of the company’s stock worth $2,170,000 after purchasing an additional 71,364 shares during the period. Finally, Osaic Holdings Inc. bought a new position in shares of iShares Top 20 U.S. Stocks ETF in the second quarter worth approximately $238,000.
About iShares Top 20 U.S. Stocks ETF
The iShares Top 20 U.S. Stocks ETF (TOPT) is an exchange-traded fund that is based on the S&P 500 Top 20 Select index. The fund seeks to mirror the performance of an index comprising the top 20 largest US firms by market-cap in the S&P 500. The companies are weighted by their float-adjusted market-cap TOPT was launched on Oct 23, 2024 and is issued by BlackRock.
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