Short Interest in iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Declines By 59.2%

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 63,472 shares, a drop of 59.2% from the August 15th total of 155,712 shares. Based on an average daily volume of 248,009 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TOPT. Private Wealth Management Group LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF during the first quarter valued at about $35,000. Cornerstone Planning Group LLC purchased a new position in shares of iShares Top 20 U.S. Stocks ETF in the first quarter worth about $35,000. Integrated Wealth Concepts LLC purchased a new position in shares of iShares Top 20 U.S. Stocks ETF in the second quarter worth about $155,000. Harbour Investments Inc. bought a new stake in shares of iShares Top 20 U.S. Stocks ETF in the 4th quarter valued at about $162,000. Finally, Laurel Oak Wealth Management LLC lifted its stake in shares of iShares Top 20 U.S. Stocks ETF by 4.7% in the 1st quarter. Laurel Oak Wealth Management LLC now owns 7,384 shares of the company’s stock valued at $211,000 after acquiring an additional 334 shares during the last quarter.

iShares Top 20 U.S. Stocks ETF Trading Down 0.3%

Shares of TOPT traded down $0.09 during midday trading on Tuesday, reaching $33.76. The stock had a trading volume of 176,658 shares, compared to its average volume of 392,596. The company has a market capitalization of $681.28 million, a price-to-earnings ratio of 32.42 and a beta of 1.13. The company’s 50-day moving average is $33.43 and its 200 day moving average is $32.26. iShares Top 20 U.S. Stocks ETF has a 12-month low of $27.54 and a 12-month high of $34.47.

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.