iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 31,427 shares, a growth of 56.2% from the August 31st total of 20,116 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,550 shares, the days-to-cover ratio is presently 5.7 days.
Institutional Investors Weigh In On iShares S&P 500 3% Capped ETF
An institutional investor recently raised its position in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada lifted its holdings in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Free Report) by 375.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 39,417 shares of the company’s stock after purchasing an additional 31,122 shares during the period. Royal Bank of Canada owned about 4.93% of iShares S&P 500 3% Capped ETF worth $1,183,000 as of its most recent filing with the SEC.
iShares S&P 500 3% Capped ETF Stock Performance
TOPC traded up $0.18 during midday trading on Friday, hitting $34.83. The stock had a trading volume of 3,417 shares, compared to its average volume of 8,931. iShares S&P 500 3% Capped ETF has a 1 year low of $29.14 and a 1 year high of $35.63. The business has a fifty day moving average of $34.82 and a 200 day moving average of $33.62. The company has a market cap of $33.09 million, a P/E ratio of 25.86 and a beta of 0.88.
About iShares S&P 500 3% Capped ETF
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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