iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Sees Significant Growth in Short Interest

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 40,465 shares, an increase of 62.8% from the July 30th total of 24,851 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average daily volume of 8,576 shares, the days-to-cover ratio is currently 4.7 days.

Institutional Trading of iShares S&P 500 3% Capped ETF

An institutional investor recently raised its position in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada increased its position in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 375.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,417 shares of the company’s stock after acquiring an additional 31,122 shares during the period. Royal Bank of Canada owned about 4.93% of iShares S&P 500 3% Capped ETF worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission.

iShares S&P 500 3% Capped ETF Price Performance

TOPC stock traded down $0.27 during midday trading on Tuesday, reaching $34.69. The company had a trading volume of 4,548 shares, compared to its average volume of 9,047. The company has a market capitalization of $31.22 million, a price-to-earnings ratio of 25.86 and a beta of 0.88. The stock has a 50 day moving average price of $34.58 and a 200-day moving average price of $33.07. iShares S&P 500 3% Capped ETF has a 1-year low of $29.14 and a 1-year high of $35.63.

iShares S&P 500 3% Capped ETF Company Profile

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.