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 significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 27,026 shares, an increase of 2,473.9% from the October 15th total of 1,050 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average trading volume of 13,044 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,417 shares of the company’s stock after purchasing 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 reporting period.

iShares S&P 500 3% Capped ETF Stock Performance

NYSEARCA:TOPC traded up $0.10 during mid-day trading on Thursday, hitting $35.10. The company had a trading volume of 18,832 shares, compared to its average volume of 9,048. iShares S&P 500 3% Capped ETF has a fifty-two week low of $29.14 and a fifty-two week high of $35.63. The business’s fifty day moving average is $34.80 and its two-hundred day moving average is $33.43. The firm has a market cap of $33.34 million, a P/E ratio of 25.86 and a beta of 0.88.

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.