iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Sees Significant Increase in Short Interest

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 31,427 shares, an increase of 56.2% from the August 31st total of 20,116 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 5,550 shares, the short-interest ratio is currently 5.7 days.

Hedge Funds Weigh In On iShares S&P 500 3% Capped ETF

A hedge fund recently raised its stake in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada increased its position in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 375.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,417 shares of the company’s stock after buying 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 Price Performance

TOPC stock traded down $0.08 during mid-day trading on Wednesday, reaching $34.60. The company had a trading volume of 433 shares, compared to its average volume of 8,930. The company has a market capitalization of $32.87 million, a PE ratio of 25.86 and a beta of 0.88. The firm has a 50 day moving average of $34.80 and a 200 day moving average of $33.56. iShares S&P 500 3% Capped ETF has a 12 month low of $29.14 and a 12 month high of $35.63.

About iShares S&P 500 3% Capped ETF

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.