iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Update

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,241 shares, an increase of 303.2% from the April 30th total of 2,292 shares. Based on an average daily volume of 8,412 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.2% of the shares of the stock are sold short.

iShares S&P 500 3% Capped ETF Stock Up 0.2%

Shares of TOPC opened at $34.39 on Friday. iShares S&P 500 3% Capped ETF has a 52-week low of $27.22 and a 52-week high of $34.47. The firm’s fifty day moving average is $32.13 and its two-hundred day moving average is $31.53. The stock has a market cap of $27.51 million, a PE ratio of 25.86 and a beta of 0.96.

Institutional Investors Weigh In On iShares S&P 500 3% Capped ETF

A hedge fund recently bought a new stake in iShares S&P 500 3% Capped ETF stock. AGF Management Ltd. bought a new position in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,680 shares of the company’s stock, valued at approximately $750,000. AGF Management Ltd. owned about 5.48% of iShares S&P 500 3% Capped ETF as of its most recent SEC filing.

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.