iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Shares Shorted: Short Interest Down 72.2% in September

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 8,750 shares, a drop of 72.2% from the September 15th total of 31,427 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 9,858 shares, the days-to-cover ratio is currently 0.9 days.

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

A hedge fund recently raised its position in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada increased its position in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 375.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,417 shares of the company’s stock after acquiring an additional 31,122 shares during the quarter. Royal Bank of Canada owned about 4.93% of iShares S&P 500 3% Capped ETF worth $1,183,000 at the end of the most recent quarter.

iShares S&P 500 3% Capped ETF Price Performance

Shares of TOPC stock traded down $0.06 during trading on Tuesday, reaching $35.19. The company had a trading volume of 5,830 shares, compared to its average volume of 8,771. The firm’s 50 day simple moving average is $34.98 and its two-hundred day simple moving average is $33.86. iShares S&P 500 3% Capped ETF has a one year low of $29.14 and a one year high of $35.63. The company has a market capitalization of $33.43 million, a PE ratio of 25.86 and a beta of 0.89.

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.