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

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 24,889 shares, an increase of 167.5% from the May 31st total of 9,304 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 10,509 shares, the days-to-cover ratio is currently 2.4 days.

iShares S&P 500 3% Capped ETF Stock Performance

iShares S&P 500 3% Capped ETF stock traded up $0.18 during trading hours on Tuesday, reaching $34.50. 1,170 shares of the company’s stock traded hands, compared to its average volume of 9,032. The firm has a market capitalization of $27.60 million, a price-to-earnings ratio of 25.86 and a beta of 0.89. iShares S&P 500 3% Capped ETF has a fifty-two week low of $28.39 and a fifty-two week high of $34.70. The firm’s 50 day moving average is $33.62 and its 200-day moving average is $32.05.

Institutional Trading of iShares S&P 500 3% Capped ETF

An institutional investor recently raised its position in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada lifted its stake in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 729.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,295 shares of the company’s stock after purchasing an additional 7,295 shares during the period. Royal Bank of Canada owned 1.28% of iShares S&P 500 3% Capped ETF worth $257,000 at the end of the most recent quarter.

iShares S&P 500 3% Capped ETF Company Profile

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.