iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 24,889 shares, an increase of 167.5% from the May 31st total of 9,304 shares. Based on an average daily trading volume, of 10,509 shares, the short-interest ratio is currently 2.4 days. Approximately 3.1% of the company’s shares are short sold.
iShares S&P 500 3% Capped ETF Price Performance
NYSEARCA TOPC opened at $33.97 on Monday. iShares S&P 500 3% Capped ETF has a 12 month low of $28.25 and a 12 month high of $34.70. The company has a 50-day moving average of $33.57 and a 200-day moving average of $32.03. The company has a market cap of $27.18 million, a P/E ratio of 25.86 and a beta of 0.89.
Institutional Investors Weigh In On iShares S&P 500 3% Capped ETF
A hedge fund recently raised its stake in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada raised its stake in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC – Free Report) by 729.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,295 shares of the company’s stock after purchasing an additional 7,295 shares during the period. Royal Bank of Canada owned 1.28% of iShares S&P 500 3% Capped ETF worth $257,000 at the end of the most recent reporting period.
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.
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