iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 247,620 shares, an increase of 205.7% from the September 30th total of 81,000 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 708,039 shares, the short-interest ratio is presently 0.3 days.
iShares Top 20 U.S. Stocks ETF Stock Performance
NYSEARCA:TOPT opened at $34.84 on Thursday. iShares Top 20 U.S. Stocks ETF has a 52-week low of $27.54 and a 52-week high of $35.85. The stock has a 50-day simple moving average of $34.50 and a 200 day simple moving average of $32.42. The company has a market cap of $760.32 million, a PE ratio of 32.42 and a beta of 1.10.
Institutional Investors Weigh In On iShares Top 20 U.S. Stocks ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of iShares Top 20 U.S. Stocks ETF by 16.4% in the second quarter. Envestnet Asset Management Inc. now owns 788,413 shares of the company’s stock valued at $25,955,000 after buying an additional 111,315 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in iShares Top 20 U.S. Stocks ETF in the 3rd quarter valued at about $16,646,000. Independent Financial Group LLC bought a new position in iShares Top 20 U.S. Stocks ETF during the first quarter worth about $7,730,000. Atomic Invest LLC increased its position in iShares Top 20 U.S. Stocks ETF by 9,835.3% during the second quarter. Atomic Invest LLC now owns 185,392 shares of the company’s stock worth $6,026,000 after buying an additional 183,526 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its position in shares of iShares Top 20 U.S. Stocks ETF by 260.3% in the third quarter. Signal Advisors Wealth LLC now owns 141,192 shares of the company’s stock valued at $4,928,000 after buying an additional 102,010 shares during the last quarter.
About iShares Top 20 U.S. Stocks ETF
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.
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