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 large increase in short interest during the month of June. As of June 15th, there was short interest totaling 24,889 shares, an increase of 167.5% from the May 31st total of 9,304 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 10,509 shares, the short-interest ratio is currently 2.4 days.

iShares S&P 500 3% Capped ETF Price Performance

Shares of NYSEARCA:TOPC opened at $33.97 on Monday. iShares S&P 500 3% Capped ETF has a 12 month low of $28.25 and a 12 month high of $34.70. The firm has a market capitalization of $27.18 million, a PE ratio of 25.86 and a beta of 0.89. The business has a 50-day moving average of $33.57 and a two-hundred day moving average of $32.03.

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

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

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.