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

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 1,894 shares, a decrease of 63.3% from the January 15th total of 5,158 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,563 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 13,563 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares S&P 500 3% Capped ETF

An institutional investor recently bought a new position in iShares S&P 500 3% Capped ETF stock. Granite Bay Wealth Management LLC bought a new position in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,846 shares of the company’s stock, valued at approximately $208,000. Granite Bay Wealth Management LLC owned about 1.52% of iShares S&P 500 3% Capped ETF as of its most recent SEC filing.

iShares S&P 500 3% Capped ETF Stock Performance

Shares of NYSEARCA TOPC opened at $31.78 on Wednesday. The stock has a fifty day moving average price of $31.38 and a two-hundred day moving average price of $30.51. The firm has a market cap of $20.66 million, a P/E ratio of 25.86 and a beta of 0.97. iShares S&P 500 3% Capped ETF has a 1 year low of $23.87 and a 1 year high of $31.98.

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.