Short Interest in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Grows By 62.8%

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 40,465 shares, a growth of 62.8% from the July 30th total of 24,851 shares. Currently, 4.5% of the company’s stock are short sold. Based on an average daily volume of 8,576 shares, the days-to-cover ratio is currently 4.7 days.

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

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

iShares S&P 500 3% Capped ETF Trading Down 0.4%

Shares of iShares S&P 500 3% Capped ETF stock traded down $0.13 on Monday, reaching $34.96. 13,869 shares of the company were exchanged, compared to its average volume of 9,078. The company has a market capitalization of $31.46 million, a price-to-earnings ratio of 25.86 and a beta of 0.88. iShares S&P 500 3% Capped ETF has a one year low of $29.14 and a one year high of $35.63. The company has a 50-day moving average of $34.57 and a 200 day moving average of $33.05.

iShares S&P 500 3% Capped ETF Company Profile

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.