iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 81,000 shares, a decrease of 45.4% from the September 15th total of 148,365 shares. Based on an average daily volume of 478,593 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are short sold.
Institutional Investors Weigh In On iShares Top 20 U.S. Stocks ETF
A number of institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new position in shares of iShares Top 20 U.S. Stocks ETF during the first quarter valued at $35,000. Private Wealth Management Group LLC purchased a new stake in shares of iShares Top 20 U.S. Stocks ETF during the first quarter valued at $35,000. GK Wealth Management LLC purchased a new stake in shares of iShares Top 20 U.S. Stocks ETF during the third quarter valued at $73,000. Integrated Wealth Concepts LLC bought a new stake in iShares Top 20 U.S. Stocks ETF in the 2nd quarter worth about $155,000. Finally, Laurel Oak Wealth Management LLC increased its holdings in iShares Top 20 U.S. Stocks ETF by 4.7% in the 1st quarter. Laurel Oak Wealth Management LLC now owns 7,384 shares of the company’s stock worth $211,000 after buying an additional 334 shares in the last quarter.
iShares Top 20 U.S. Stocks ETF Trading Down 0.2%
NYSEARCA:TOPT traded down $0.07 on Thursday, reaching $35.05. 422,018 shares of the stock traded hands, compared to its average volume of 413,234. The company has a market capitalization of $778.22 million, a price-to-earnings ratio of 32.42 and a beta of 1.10. iShares Top 20 U.S. Stocks ETF has a 12 month low of $27.54 and a 12 month high of $35.85. The company’s fifty day simple moving average is $34.31 and its 200 day simple moving average is $33.11.
iShares Top 20 U.S. Stocks ETF Company Profile
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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