iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Down 61.7% in February

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 725 shares, a decline of 61.7% from the January 29th total of 1,894 shares. Based on an average trading volume of 8,713 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 8,713 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Granite Bay Wealth Management LLC acquired a new stake in shares of iShares S&P 500 3% Capped ETF in the 3rd quarter worth approximately $208,000. Royal Bank of Canada increased its stake in shares of iShares S&P 500 3% Capped ETF by 729.5% during the fourth quarter. Royal Bank of Canada now owns 8,295 shares of the company’s stock valued at $257,000 after acquiring an additional 7,295 shares during the period. Finally, AGF Management Ltd. bought a new stake in iShares S&P 500 3% Capped ETF during the third quarter worth approximately $750,000.

iShares S&P 500 3% Capped ETF Stock Performance

Shares of TOPC opened at $31.82 on Thursday. iShares S&P 500 3% Capped ETF has a one year low of $23.87 and a one year high of $31.98. The stock’s fifty day moving average is $31.49 and its 200-day moving average is $30.71. The firm has a market capitalization of $20.68 million, a price-to-earnings ratio of 25.86 and a beta of 0.97.

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.