iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Shares Shorted: Short Interest Down 88.0% in October

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,050 shares, a decrease of 88.0% from the September 30th total of 8,750 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,403 shares, the short-interest ratio is currently 0.2 days.

iShares S&P 500 3% Capped ETF Trading Up 0.2%

Shares of iShares S&P 500 3% Capped ETF stock traded up $0.08 on Tuesday, reaching $34.88. The stock had a trading volume of 27,879 shares, compared to its average volume of 8,703. The business’s 50 day moving average is $34.91 and its two-hundred day moving average is $33.25. The company has a market cap of $33.14 million, a P/E ratio of 25.86 and a beta of 0.89. iShares S&P 500 3% Capped ETF has a 1 year low of $29.14 and a 1 year high of $35.63.

Institutional Investors Weigh In On 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 raised its position in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 375.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,417 shares of the company’s stock after purchasing an additional 31,122 shares during the period. 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.

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.