Short Interest in iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Declines By 34.4%

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 155,712 shares, a decline of 34.4% from the July 30th total of 237,206 shares. Based on an average trading volume of 266,052 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.8% of the shares of the company are short sold.

iShares Top 20 U.S. Stocks ETF Trading Up 0.8%

iShares Top 20 U.S. Stocks ETF stock opened at $33.77 on Thursday. The firm has a market cap of $681.48 million, a PE ratio of 32.42 and a beta of 1.13. iShares Top 20 U.S. Stocks ETF has a 12 month low of $27.54 and a 12 month high of $34.47. The stock’s 50 day simple moving average is $33.20 and its two-hundred day simple moving average is $32.04.

Institutional Trading of iShares Top 20 U.S. Stocks ETF

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in iShares Top 20 U.S. Stocks ETF by 598,100.0% in the fourth quarter. NewEdge Advisors LLC now owns 281,154 shares of the company’s stock valued at $8,780,000 after buying an additional 281,107 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the first quarter worth about $7,730,000. LPL Financial LLC boosted its stake in shares of iShares Top 20 U.S. Stocks ETF by 34.8% during the 4th quarter. LPL Financial LLC now owns 688,738 shares of the company’s stock worth $21,509,000 after acquiring an additional 177,777 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of 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 worth $2,430,000 after acquiring an additional 83,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares Top 20 U.S. Stocks ETF by 582.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 87,844 shares of the company’s stock valued at $2,743,000 after acquiring an additional 74,966 shares during the period.

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.