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

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 148,365 shares, a growth of 133.7% from the August 31st total of 63,472 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 328,657 shares, the short-interest ratio is currently 0.5 days.

iShares Top 20 U.S. Stocks ETF Price Performance

Shares of TOPT traded up $0.17 during mid-day trading on Friday, reaching $35.34. The company’s stock had a trading volume of 544,093 shares, compared to its average volume of 395,985. iShares Top 20 U.S. Stocks ETF has a 12-month low of $27.54 and a 12-month high of $35.40. The stock has a market cap of $719.52 million, a PE ratio of 32.42 and a beta of 1.13. The company’s 50 day moving average is $33.68 and its 200 day moving average is $32.54.

Hedge Funds Weigh In On iShares Top 20 U.S. Stocks ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atomic Invest LLC raised its holdings in iShares Top 20 U.S. Stocks ETF by 9,835.3% during the second quarter. Atomic Invest LLC now owns 185,392 shares of the company’s stock worth $6,026,000 after purchasing an additional 183,526 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of iShares Top 20 U.S. Stocks ETF during the 1st quarter worth approximately $7,730,000. Core Wealth Partners LLC boosted its holdings in shares of iShares Top 20 U.S. Stocks ETF by 211.0% in the 4th quarter. Core Wealth Partners LLC now owns 35,199 shares of the company’s stock valued at $1,099,000 after buying an additional 23,882 shares in the last quarter. Midwest Financial Network LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the 2nd quarter valued at $970,000. Finally, Royal Bank of Canada acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the 1st quarter valued at $1,521,000.

About iShares Top 20 U.S. Stocks ETF

(Get Free Report)

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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