iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 92,693 shares, a decline of 61.5% from the May 31st total of 240,961 shares. Based on an average daily volume of 350,199 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are sold short.
Hedge Funds Weigh In On iShares Top 20 U.S. Stocks ETF
Several institutional investors have recently added to or reduced their stakes in the business. Norris Financial Group LLC acquired a new position in iShares Top 20 U.S. Stocks ETF during the first quarter worth approximately $251,000. Bank of America Corp DE raised its holdings in shares of iShares Top 20 U.S. Stocks ETF by 35.4% during the 1st quarter. Bank of America Corp DE now owns 17,881 shares of the company’s stock valued at $512,000 after buying an additional 4,671 shares during the period. Royal Bank of Canada acquired a new position in shares of iShares Top 20 U.S. Stocks ETF during the first quarter worth $1,521,000. Cetera Investment Advisers lifted its holdings in iShares Top 20 U.S. Stocks ETF by 34.7% in the 1st quarter. Cetera Investment Advisers now owns 127,111 shares of the company’s stock worth $3,638,000 after buying an additional 32,734 shares in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the first quarter worth about $35,000.
iShares Top 20 U.S. Stocks ETF Trading Up 2.1%
Shares of NYSEARCA TOPT traded up $0.66 during trading on Monday, reaching $32.50. The company had a trading volume of 226,057 shares, compared to its average volume of 435,113. The stock has a 50-day moving average price of $33.02 and a two-hundred day moving average price of $31.26. iShares Top 20 U.S. Stocks ETF has a twelve month low of $27.00 and a twelve month high of $34.47. The stock has a market capitalization of $589.55 million, a PE ratio of 32.42 and a beta of 1.10.
iShares Top 20 U.S. Stocks ETF Company Profile
The iShares Top 20 U.S. Stocks ETF (TOPT) is an exchange-traded fund that is based on the S&P 500 Top 20 Select index. The fund seeks to mirror the performance of an index comprising the top 20 largest US firms by market-cap in the S&P 500. The companies are weighted by their float-adjusted market-cap TOPT was launched on Oct 23, 2024 and is issued by BlackRock.
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