Short Interest in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Decreases By 40.0%

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 24,851 shares, a decrease of 40.0% from the July 15th total of 41,430 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average trading volume of 10,428 shares, the short-interest ratio is currently 2.4 days.

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 increased its holdings in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 729.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,295 shares of the company’s stock after purchasing an additional 7,295 shares during the period. Royal Bank of Canada owned approximately 1.28% of iShares S&P 500 3% Capped ETF worth $257,000 at the end of the most recent quarter.

iShares S&P 500 3% Capped ETF Stock Performance

Shares of TOPC stock remained flat at $35.00 during mid-day trading on Wednesday. The company’s stock had a trading volume of 8,554 shares, compared to its average volume of 8,937. iShares S&P 500 3% Capped ETF has a 52 week low of $29.08 and a 52 week high of $35.63. The company has a market capitalization of $31.50 million, a price-to-earnings ratio of 25.86 and a beta of 0.88. The company has a 50 day moving average of $34.41 and a 200 day moving average of $32.86.

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.