iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Down 73.9% in January

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 5,158 shares, a decline of 73.9% from the December 31st total of 19,774 shares. Based on an average daily trading volume, of 10,815 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,815 shares, the days-to-cover ratio is currently 0.5 days.

iShares S&P 500 3% Capped ETF Price Performance

Shares of NYSEARCA:TOPC traded down $0.04 on Wednesday, hitting $31.72. The company’s stock had a trading volume of 11,972 shares, compared to its average volume of 12,954. The company has a market capitalization of $20.62 million, a PE ratio of 25.86 and a beta of 0.97. The company has a 50-day simple moving average of $31.15 and a 200 day simple moving average of $30.31. iShares S&P 500 3% Capped ETF has a 1 year low of $23.87 and a 1 year high of $31.86.

Institutional Inflows and Outflows

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

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.