iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Down 50.3% in August

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 20,116 shares, a decrease of 50.3% from the August 15th total of 40,465 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 10,676 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of 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 raised its stake in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 375.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,417 shares of the company’s stock after buying an additional 31,122 shares during the quarter. 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 quarter.

iShares S&P 500 3% Capped ETF Price Performance

NYSEARCA TOPC traded down $0.27 during trading hours on Tuesday, reaching $34.38. 3,344 shares of the company’s stock traded hands, compared to its average volume of 8,874. iShares S&P 500 3% Capped ETF has a 52-week low of $29.14 and a 52-week high of $35.63. The firm has a market cap of $30.94 million, a PE ratio of 25.86 and a beta of 0.88. The firm has a 50-day simple moving average of $34.71 and a 200 day simple moving average of $33.31.

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.