iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Stock Short Interest Report for September

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 8,750 shares, a decline of 72.2% from the September 15th total of 31,427 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 9,858 shares, the days-to-cover ratio is presently 0.9 days.

iShares S&P 500 3% Capped ETF Stock Performance

Shares of TOPC remained flat at $35.26 during mid-day trading on Monday. 2,168 shares of the company were exchanged, compared to its average volume of 8,785. iShares S&P 500 3% Capped ETF has a 12-month low of $29.14 and a 12-month high of $35.63. The stock has a market capitalization of $33.50 million, a price-to-earnings ratio of 25.86 and a beta of 0.89. The company has a 50-day moving average of $34.97 and a two-hundred day moving average of $33.82.

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

A hedge fund recently raised its position 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 13F filing with the Securities and Exchange Commission (SEC). 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 4.93% of iShares S&P 500 3% Capped ETF worth $1,183,000 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.