iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 40,465 shares, a growth of 62.8% from the July 30th total of 24,851 shares. Based on an average daily volume of 8,576 shares, the short-interest ratio is currently 4.7 days. Currently, 4.5% of the shares of the company are short sold.
Institutional Investors Weigh In On iShares S&P 500 3% Capped ETF
A hedge fund recently raised its stake in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada lifted its position in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Free Report) by 729.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,295 shares of the company’s stock after purchasing an additional 7,295 shares during the period. Royal Bank of Canada owned 1.28% of iShares S&P 500 3% Capped ETF worth $257,000 as of its most recent filing with the Securities and Exchange Commission.
iShares S&P 500 3% Capped ETF Price Performance
iShares S&P 500 3% Capped ETF stock traded down $0.13 during mid-day trading on Monday, hitting $34.96. 13,869 shares of the company’s stock traded hands, compared to its average volume of 9,078. The firm has a 50 day simple moving average of $34.57 and a two-hundred day simple moving average of $33.05. iShares S&P 500 3% Capped ETF has a fifty-two week low of $29.14 and a fifty-two week high of $35.63. The stock has a market cap of $31.46 million, a price-to-earnings ratio of 25.86 and a beta of 0.88.
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.
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