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

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 247,620 shares, a growth of 205.7% from the September 30th total of 81,000 shares. Based on an average trading volume of 708,039 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.1% of the shares of the stock are sold short.

iShares Top 20 U.S. Stocks ETF Price Performance

NYSEARCA TOPT opened at $34.03 on Friday. The company has a market cap of $742.53 million, a PE ratio of 32.42 and a beta of 1.10. The stock’s 50 day simple moving average is $34.54 and its 200-day simple moving average is $32.46. iShares Top 20 U.S. Stocks ETF has a 1-year low of $27.54 and a 1-year high of $35.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC boosted its stake in iShares Top 20 U.S. Stocks ETF by 2.5% during the third quarter. WealthPlan Investment Management LLC now owns 13,248 shares of the company’s stock worth $462,000 after buying an additional 326 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in iShares Top 20 U.S. Stocks ETF by 4.7% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 7,564 shares of the company’s stock valued at $264,000 after buying an additional 340 shares in the last quarter. IFP Advisors Inc increased its stake in shares of iShares Top 20 U.S. Stocks ETF by 99.3% in the 3rd quarter. IFP Advisors Inc now owns 891 shares of the company’s stock worth $31,000 after acquiring an additional 444 shares during the last quarter. SkyOak Wealth LLC increased its stake in shares of iShares Top 20 U.S. Stocks ETF by 6.8% in the 1st quarter. SkyOak Wealth LLC now owns 9,435 shares of the company’s stock worth $270,000 after acquiring an additional 600 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of iShares Top 20 U.S. Stocks ETF by 2.1% in the 1st quarter. Private Advisor Group LLC now owns 31,905 shares of the company’s stock worth $913,000 after acquiring an additional 645 shares during the last quarter.

About iShares Top 20 U.S. Stocks ETF

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.