iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Shares Shorted: Short Interest Up 56.2% in September

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 31,427 shares, a growth of 56.2% from the August 31st total of 20,116 shares. Based on an average daily volume of 5,550 shares, the days-to-cover ratio is presently 5.7 days. Currently, 3.3% of the shares of the stock are sold short.

Institutional Trading of iShares S&P 500 3% Capped ETF

An institutional investor recently raised its stake in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada raised its holdings in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 375.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,417 shares of the company’s stock after purchasing an additional 31,122 shares during the quarter. Royal Bank of Canada owned 4.93% of iShares S&P 500 3% Capped ETF worth $1,183,000 at the end of the most recent reporting period.

iShares S&P 500 3% Capped ETF Price Performance

Shares of iShares S&P 500 3% Capped ETF stock traded down $0.08 during trading hours on Wednesday, reaching $34.60. The company’s stock had a trading volume of 433 shares, compared to its average volume of 8,930. The firm has a 50 day moving average price of $34.80 and a 200-day moving average price of $33.56. iShares S&P 500 3% Capped ETF has a one year low of $29.14 and a one year high of $35.63. The stock has a market cap of $32.87 million, a P/E ratio of 25.86 and a beta of 0.88.

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.