iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Update

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 3,347 shares, a growth of 736.8% from the March 31st total of 400 shares. Based on an average daily trading volume, of 3,170 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the company are sold short.

iShares S&P 500 3% Capped ETF Trading Up 0.6%

iShares S&P 500 3% Capped ETF stock opened at $32.60 on Friday. iShares S&P 500 3% Capped ETF has a 1-year low of $25.34 and a 1-year high of $32.60. The firm has a market capitalization of $26.08 million, a price-to-earnings ratio of 25.86 and a beta of 0.97. The firm has a 50 day simple moving average of $31.13 and a 200 day simple moving average of $31.06.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in iShares S&P 500 3% Capped ETF by 729.5% in the 4th quarter. Royal Bank of Canada now owns 8,295 shares of the company’s stock valued at $257,000 after purchasing an additional 7,295 shares during the period. AGF Management Ltd. bought a new position in iShares S&P 500 3% Capped ETF in the 3rd quarter valued at $750,000. Finally, Granite Bay Wealth Management LLC bought a new position in iShares S&P 500 3% Capped ETF in the 3rd quarter valued at $208,000.

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.