iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Short Interest Down 59.2% in August

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 63,472 shares, a decrease of 59.2% from the August 15th total of 155,712 shares. Based on an average daily volume of 248,009 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

iShares Top 20 U.S. Stocks ETF Stock Performance

Shares of NYSEARCA TOPT opened at $34.06 on Friday. The company has a market cap of $687.33 million, a PE ratio of 32.42 and a beta of 1.13. The business has a 50-day simple moving average of $33.41 and a two-hundred day simple moving average of $32.22. iShares Top 20 U.S. Stocks ETF has a fifty-two week low of $27.54 and a fifty-two week high of $34.47.

Institutional Investors Weigh In On iShares Top 20 U.S. Stocks ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in iShares Top 20 U.S. Stocks ETF by 451.4% during the 1st quarter. Royal Bank of Canada now owns 102,000 shares of the company’s stock valued at $2,430,000 after acquiring an additional 83,500 shares during the period. Jane Street Group LLC raised its position in iShares Top 20 U.S. Stocks ETF by 21.9% during the first quarter. Jane Street Group LLC now owns 15,722 shares of the company’s stock worth $374,000 after acquiring an additional 2,820 shares during the period. Diversify Advisory Services LLC raised its position in shares of iShares Top 20 U.S. Stocks ETF by 10.0% during the 2nd quarter. Diversify Advisory Services LLC now owns 9,466 shares of the company’s stock worth $275,000 after purchasing an additional 857 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of iShares Top 20 U.S. Stocks ETF by 876.1% during the second quarter. Tower Research Capital LLC TRC now owns 79,510 shares of the company’s stock valued at $2,170,000 after acquiring an additional 71,364 shares during the last quarter. Finally, Osaic Holdings Inc. purchased a new position in iShares Top 20 U.S. Stocks ETF in the 2nd quarter valued at $238,000.

iShares Top 20 U.S. Stocks ETF Company Profile

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.