iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Down 98.3% in March

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPCGet Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,130 shares, a decrease of 98.3% from the February 26th total of 65,779 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 6,377 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 6,377 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Granite Bay Wealth Management LLC bought a new stake in shares of iShares S&P 500 3% Capped ETF in the 3rd quarter valued at approximately $208,000. AGF Management Ltd. bought a new position in shares of iShares S&P 500 3% Capped ETF during the 3rd quarter valued at approximately $750,000. Finally, Royal Bank of Canada increased its position in shares of 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 valued at $257,000 after purchasing an additional 7,295 shares during the last quarter.

iShares S&P 500 3% Capped ETF Price Performance

Shares of NYSEARCA TOPC traded down $0.10 during mid-day trading on Tuesday, hitting $30.14. 1,526 shares of the company’s stock traded hands, compared to its average volume of 9,954. iShares S&P 500 3% Capped ETF has a 1 year low of $23.87 and a 1 year high of $31.98. The company’s 50-day moving average is $31.34 and its two-hundred day moving average is $30.92. The company has a market capitalization of $19.59 million, a P/E ratio of 25.86 and a beta of 0.97.

iShares S&P 500 3% Capped ETF Company Profile

(Get Free Report)

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.

Further Reading

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