iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Sees Large Drop in Short Interest

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 63,472 shares, a decline of 59.2% from the August 15th total of 155,712 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 248,009 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares Top 20 U.S. Stocks ETF

Large investors have recently made changes to their positions in the stock. Private Wealth Management Group LLC purchased a new position in iShares Top 20 U.S. Stocks ETF in the 1st quarter worth $35,000. Cornerstone Planning Group LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF during the 1st quarter valued at about $35,000. Bank of America Corp DE grew its stake in iShares Top 20 U.S. Stocks ETF by 843.9% during the 3rd quarter. Bank of America Corp DE now owns 1,935 shares of the company’s stock valued at $59,000 after purchasing an additional 1,730 shares during the last quarter. Simplex Trading LLC increased its holdings in shares of iShares Top 20 U.S. Stocks ETF by 364.0% in the fourth quarter. Simplex Trading LLC now owns 3,155 shares of the company’s stock valued at $99,000 after purchasing an additional 2,475 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the second quarter valued at about $155,000.

iShares Top 20 U.S. Stocks ETF Price Performance

iShares Top 20 U.S. Stocks ETF stock traded down $0.13 during mid-day trading on Monday, reaching $33.93. 195,828 shares of the company traded hands, compared to its average volume of 393,491. The firm’s fifty day moving average is $33.41 and its two-hundred day moving average is $32.24. The company has a market capitalization of $684.77 million, a price-to-earnings ratio of 32.42 and a beta of 1.13. iShares Top 20 U.S. Stocks ETF has a fifty-two week low of $27.54 and a fifty-two week high of $34.47.

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.