iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 20,116 shares, a decline of 50.3% from the August 15th total of 40,465 shares. Based on an average daily volume of 10,676 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.2% of the company’s shares are short sold.
Institutional Investors Weigh In On iShares S&P 500 3% Capped ETF
An institutional investor recently raised its stake in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada boosted its position in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Free Report) by 375.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,417 shares of the company’s stock after acquiring an additional 31,122 shares during the period. Royal Bank of Canada owned 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 Trading Down 0.4%
Shares of NYSEARCA:TOPC traded down $0.13 during trading on Wednesday, reaching $34.25. 9,537 shares of the company traded hands, compared to its average volume of 8,878. iShares S&P 500 3% Capped ETF has a 52-week low of $29.14 and a 52-week high of $35.63. The firm has a market capitalization of $34.22 million, a price-to-earnings ratio of 25.86 and a beta of 0.88. The business’s fifty day moving average is $34.71 and its 200-day moving average is $33.32.
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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