iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 24,851 shares, a drop of 40.0% from the July 15th total of 41,430 shares. Based on an average daily trading volume, of 10,428 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.8% of the shares of the company are sold short.
Institutional Trading of iShares S&P 500 3% Capped ETF
A hedge fund recently raised its position in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada boosted its stake in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Free Report) by 375.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,417 shares of the company’s stock after purchasing an additional 31,122 shares during the quarter. Royal Bank of Canada owned approximately 4.93% of iShares S&P 500 3% Capped ETF worth $1,183,000 at the end of the most recent reporting period.
iShares S&P 500 3% Capped ETF Price Performance
Shares of NYSEARCA:TOPC traded down $0.33 during trading on Tuesday, reaching $35.00. 8,554 shares of the company’s stock traded hands, compared to its average volume of 8,937. iShares S&P 500 3% Capped ETF has a 12 month low of $29.08 and a 12 month high of $35.63. The company has a 50 day moving average of $34.41 and a 200-day moving average of $32.86. The stock has a market capitalization of $31.50 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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