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

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 27,026 shares, an increase of 2,473.9% from the October 15th total of 1,050 shares. Based on an average trading volume of 13,044 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.8% of the shares of the company are sold short.

Institutional Investors 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 lifted its holdings 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 disclosure with the Securities & Exchange Commission. 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 about 4.93% of iShares S&P 500 3% Capped ETF worth $1,183,000 as of its most recent SEC filing.

iShares S&P 500 3% Capped ETF Stock Performance

Shares of TOPC stock traded up $0.57 during midday trading on Wednesday, reaching $35.07. 3,325 shares of the company were exchanged, compared to its average volume of 9,086. iShares S&P 500 3% Capped ETF has a 12 month low of $29.14 and a 12 month high of $35.63. The company’s 50 day moving average price is $34.79 and its two-hundred day moving average price is $33.42. The company has a market cap of $33.32 million, a P/E ratio of 25.86 and a beta of 0.88.

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.