iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Update

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 3,347 shares, a growth of 736.8% from the March 31st total of 400 shares. Based on an average trading volume of 3,170 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the company’s shares are sold short.

iShares S&P 500 3% Capped ETF Stock Up 0.6%

Shares of TOPC stock traded up $0.19 during trading hours on Friday, reaching $32.60. 2,721 shares of the stock traded hands, compared to its average volume of 8,361. iShares S&P 500 3% Capped ETF has a 1-year low of $25.34 and a 1-year high of $32.60. The business has a fifty day moving average price of $31.10 and a 200 day moving average price of $31.04. The firm has a market capitalization of $26.08 million, a PE ratio of 25.86 and a beta of 0.97.

Institutional Investors Weigh In On iShares S&P 500 3% Capped ETF

A number of large investors have recently made changes to their positions in TOPC. Granite Bay Wealth Management LLC acquired a new stake in shares of iShares S&P 500 3% Capped ETF during the third quarter valued at approximately $208,000. Royal Bank of Canada raised its holdings in shares of iShares S&P 500 3% Capped ETF by 729.5% during the fourth quarter. Royal Bank of Canada now owns 8,295 shares of the company’s stock valued at $257,000 after acquiring an additional 7,295 shares during the period. Finally, AGF Management Ltd. acquired a new stake in shares of iShares S&P 500 3% Capped ETF during the third quarter valued at approximately $750,000.

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.