Short Interest in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Decreases By 61.7%

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 725 shares, a decline of 61.7% from the January 29th total of 1,894 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 8,713 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 8,713 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Granite Bay Wealth Management LLC acquired a new stake in iShares S&P 500 3% Capped ETF during the third quarter worth approximately $208,000. AGF Management Ltd. bought a new position in shares of iShares S&P 500 3% Capped ETF during the third quarter worth approximately $750,000. Finally, Royal Bank of Canada lifted its holdings in iShares S&P 500 3% Capped ETF by 729.5% during the 4th quarter. Royal Bank of Canada now owns 8,295 shares of the company’s stock worth $257,000 after purchasing an additional 7,295 shares during the last quarter.

iShares S&P 500 3% Capped ETF Price Performance

iShares S&P 500 3% Capped ETF stock traded down $0.06 during mid-day trading on Friday, hitting $31.72. 4,398 shares of the company’s stock traded hands, compared to its average volume of 11,887. The firm has a 50 day simple moving average of $31.53 and a two-hundred day simple moving average of $30.73. iShares S&P 500 3% Capped ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.98. The stock has a market cap of $20.62 million, a price-to-earnings ratio of 25.86 and a beta of 0.97.

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.