iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Stock Short Interest Drops 45.4%

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 81,000 shares, a drop of 45.4% from the September 15th total of 148,365 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 478,593 shares, the days-to-cover ratio is presently 0.2 days.

iShares Top 20 U.S. Stocks ETF Trading Down 1.6%

TOPT stock traded down $0.57 during midday trading on Friday, reaching $34.48. 366,303 shares of the company’s stock traded hands, compared to its average volume of 414,617. iShares Top 20 U.S. Stocks ETF has a 52-week low of $27.54 and a 52-week high of $35.85. The stock has a market cap of $765.57 million, a P/E ratio of 32.42 and a beta of 1.10. The stock’s 50-day moving average is $34.34 and its 200 day moving average is $33.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in iShares Top 20 U.S. Stocks ETF by 16.4% in the second quarter. Envestnet Asset Management Inc. now owns 788,413 shares of the company’s stock worth $25,955,000 after buying an additional 111,315 shares during the last quarter. Independent Financial Group LLC bought a new position in iShares Top 20 U.S. Stocks ETF during the 1st quarter valued at about $7,730,000. Atomic Invest LLC raised its position in iShares Top 20 U.S. Stocks ETF by 9,835.3% in the 2nd quarter. Atomic Invest LLC now owns 185,392 shares of the company’s stock worth $6,026,000 after purchasing an additional 183,526 shares during the period. Signal Advisors Wealth LLC lifted its stake in iShares Top 20 U.S. Stocks ETF by 260.3% in the third quarter. Signal Advisors Wealth LLC now owns 141,192 shares of the company’s stock worth $4,928,000 after purchasing an additional 102,010 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in iShares Top 20 U.S. Stocks ETF by 34.7% in the first quarter. Cetera Investment Advisers now owns 127,111 shares of the company’s stock worth $3,638,000 after purchasing an additional 32,734 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.