iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Sees Significant Decrease in Short Interest

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 81,000 shares, a decrease of 45.4% from the September 15th total of 148,365 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 478,593 shares, the days-to-cover ratio is currently 0.2 days.

iShares Top 20 U.S. Stocks ETF Stock Down 1.3%

Shares of iShares Top 20 U.S. Stocks ETF stock traded down $0.46 on Friday, reaching $34.60. The stock had a trading volume of 542,037 shares, compared to its average volume of 415,599. The company has a 50 day moving average price of $34.35 and a 200 day moving average price of $33.17. iShares Top 20 U.S. Stocks ETF has a 1 year low of $27.54 and a 1 year high of $35.85. The stock has a market capitalization of $769.50 million, a P/E ratio of 32.42 and a beta of 1.10.

Hedge Funds Weigh In On iShares Top 20 U.S. Stocks ETF

Several institutional investors and hedge funds have recently bought and sold shares of TOPT. WealthPlan Investment Management LLC boosted its position in shares of iShares Top 20 U.S. Stocks ETF by 2.5% in the 3rd quarter. WealthPlan Investment Management LLC now owns 13,248 shares of the company’s stock worth $462,000 after purchasing an additional 326 shares in the last quarter. Laurel Oak Wealth Management LLC boosted its holdings in iShares Top 20 U.S. Stocks ETF by 4.7% in the first quarter. Laurel Oak Wealth Management LLC now owns 7,384 shares of the company’s stock worth $211,000 after acquiring an additional 334 shares in the last quarter. SkyOak Wealth LLC boosted its holdings in iShares Top 20 U.S. Stocks ETF by 6.8% in the first quarter. SkyOak Wealth LLC now owns 9,435 shares of the company’s stock worth $270,000 after acquiring an additional 600 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of iShares Top 20 U.S. Stocks ETF by 2.1% during the first quarter. Private Advisor Group LLC now owns 31,905 shares of the company’s stock worth $913,000 after acquiring an additional 645 shares during the last quarter. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of iShares Top 20 U.S. Stocks ETF during the first quarter worth about $35,000.

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.