iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 92,693 shares, a decrease of 61.5% from the May 31st total of 240,961 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 350,199 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On iShares Top 20 U.S. Stocks ETF
Several large investors have recently modified their holdings of TOPT. Armstrong Advisory Group Inc. bought a new stake in iShares Top 20 U.S. Stocks ETF in the fourth quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the 1st quarter worth approximately $35,000. Cornerstone Planning Group LLC bought a new stake in shares of iShares Top 20 U.S. Stocks ETF in the 1st quarter valued at approximately $35,000. Bank of America Corp DE raised its position in shares of iShares Top 20 U.S. Stocks ETF by 843.9% during the 3rd quarter. Bank of America Corp DE now owns 1,935 shares of the company’s stock valued at $59,000 after acquiring an additional 1,730 shares in the last quarter. Finally, Simplex Trading LLC lifted its stake in iShares Top 20 U.S. Stocks ETF by 364.0% during the fourth quarter. Simplex Trading LLC now owns 3,155 shares of the company’s stock worth $99,000 after purchasing an additional 2,475 shares during the last quarter.
iShares Top 20 U.S. Stocks ETF Trading Up 1.3%
NYSEARCA TOPT traded up $0.41 during trading hours on Tuesday, reaching $32.92. 364,944 shares of the company traded hands, compared to its average volume of 434,834. The stock has a market capitalization of $597.17 million, a PE ratio of 32.42 and a beta of 1.10. iShares Top 20 U.S. Stocks ETF has a 12 month low of $27.00 and a 12 month high of $34.47. The company has a 50 day moving average of $33.05 and a two-hundred day moving average of $31.27.
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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