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

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 63,472 shares, a decline of 59.2% from the August 15th total of 155,712 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 248,009 shares, the short-interest ratio is presently 0.3 days.

iShares Top 20 U.S. Stocks ETF Price Performance

TOPT stock opened at $34.06 on Friday. The business has a 50 day simple moving average of $33.41 and a 200-day simple moving average of $32.22. The firm has a market capitalization of $687.33 million, a PE ratio of 32.42 and a beta of 1.13. iShares Top 20 U.S. Stocks ETF has a 1 year low of $27.54 and a 1 year high of $34.47.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOPT. Integrated Wealth Concepts LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF in the 2nd quarter valued at $155,000. Tranquilli Financial Advisor LLC raised its holdings in shares of iShares Top 20 U.S. Stocks ETF by 50.5% during the 2nd quarter. Tranquilli Financial Advisor LLC now owns 17,669 shares of the company’s stock worth $582,000 after acquiring an additional 5,930 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF during the 2nd quarter valued at about $231,000. Midwest Financial Network LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF during the 2nd quarter valued at about $970,000. Finally, Norris Financial Group LLC purchased a new stake in shares of iShares Top 20 U.S. Stocks ETF in the first quarter valued at about $251,000.

iShares Top 20 U.S. Stocks ETF Company Profile

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.