iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Up 303.2% in May

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 9,241 shares, a growth of 303.2% from the April 30th total of 2,292 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 8,412 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of iShares S&P 500 3% Capped ETF

A hedge fund recently bought a new stake in iShares S&P 500 3% Capped ETF stock. AGF Management Ltd. purchased a new stake in shares of iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 24,680 shares of the company’s stock, valued at approximately $750,000. AGF Management Ltd. owned approximately 5.48% of iShares S&P 500 3% Capped ETF at the end of the most recent quarter.

iShares S&P 500 3% Capped ETF Trading Up 0.4%

Shares of TOPC stock opened at $34.33 on Friday. The stock has a market capitalization of $27.46 million, a P/E ratio of 25.86 and a beta of 0.97. The firm’s 50 day moving average is $32.05 and its 200 day moving average is $31.51. iShares S&P 500 3% Capped ETF has a 12 month low of $27.22 and a 12 month high of $34.39.

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.