iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 148,365 shares, an increase of 133.7% from the August 31st total of 63,472 shares. Based on an average trading volume of 328,657 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Independent Financial Group LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF in the first quarter valued at approximately $7,730,000. Atomic Invest LLC grew its position in shares of iShares Top 20 U.S. Stocks ETF by 9,835.3% during the second quarter. Atomic Invest LLC now owns 185,392 shares of the company’s stock worth $6,026,000 after acquiring an additional 183,526 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares Top 20 U.S. Stocks ETF by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 788,413 shares of the company’s stock valued at $25,955,000 after acquiring an additional 111,315 shares during the period. Royal Bank of Canada acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the 1st quarter valued at $1,521,000. Finally, ATX Financial Planning LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the 4th quarter valued at $1,514,000.
iShares Top 20 U.S. Stocks ETF Stock Performance
NYSEARCA TOPT traded up $0.17 during trading hours on Friday, hitting $35.34. The company had a trading volume of 544,093 shares, compared to its average volume of 395,985. The business has a 50 day moving average of $33.68 and a 200-day moving average of $32.54. The company has a market cap of $719.52 million, a PE ratio of 32.42 and a beta of 1.13. iShares Top 20 U.S. Stocks ETF has a 1-year low of $27.54 and a 1-year high of $35.40.
About iShares Top 20 U.S. Stocks ETF
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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