iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 155,712 shares, a decrease of 34.4% from the July 30th total of 237,206 shares. Based on an average trading volume of 266,052 shares, the short-interest ratio is currently 0.6 days. Currently, 0.8% of the company’s stock are sold short.
iShares Top 20 U.S. Stocks ETF Price Performance
NYSEARCA TOPT traded up $0.22 during trading on Wednesday, reaching $33.73. 37,929 shares of the company’s stock traded hands, compared to its average volume of 393,477. iShares Top 20 U.S. Stocks ETF has a 12-month low of $27.54 and a 12-month high of $34.47. The firm has a market cap of $680.67 million, a price-to-earnings ratio of 32.42 and a beta of 1.13. The company’s 50 day simple moving average is $33.17 and its two-hundred day simple moving average is $32.01.
Hedge Funds Weigh In On iShares Top 20 U.S. Stocks ETF
Several institutional investors have recently bought and sold shares of the business. Private Wealth Management Group LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF during the first quarter worth $35,000. Cornerstone Planning Group LLC purchased a new position in shares of iShares Top 20 U.S. Stocks ETF in the 1st quarter valued at $35,000. Bank of America Corp DE increased its holdings in shares of iShares Top 20 U.S. Stocks ETF by 843.9% in the 3rd quarter. Bank of America Corp DE now owns 1,935 shares of the company’s stock valued at $59,000 after acquiring an additional 1,730 shares during the period. Simplex Trading LLC raised its position in shares of iShares Top 20 U.S. Stocks ETF by 364.0% in the 4th quarter. Simplex Trading LLC now owns 3,155 shares of the company’s stock worth $99,000 after acquiring an additional 2,475 shares in the last quarter. Finally, Harbour Investments Inc. bought a new position in shares of iShares Top 20 U.S. Stocks ETF in the 4th quarter worth $162,000.
About iShares Top 20 U.S. Stocks ETF
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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