iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Short Interest Up 8,973.0% in February

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 65,779 shares, an increase of 8,973.0% from the February 12th total of 725 shares. Based on an average daily trading volume, of 14,958 shares, the days-to-cover ratio is presently 4.4 days. Currently, 10.1% of the shares of the company are short sold. Currently, 10.1% of the shares of the company are short sold. Based on an average daily trading volume, of 14,958 shares, the days-to-cover ratio is presently 4.4 days.

Hedge Funds Weigh In On iShares S&P 500 3% Capped ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of iShares S&P 500 3% Capped ETF by 729.5% during the 4th quarter. Royal Bank of Canada now owns 8,295 shares of the company’s stock valued at $257,000 after acquiring an additional 7,295 shares during the period. AGF Management Ltd. purchased a new position in iShares S&P 500 3% Capped ETF in the third quarter valued at approximately $750,000. Finally, Granite Bay Wealth Management LLC purchased a new position in iShares S&P 500 3% Capped ETF in the third quarter valued at approximately $208,000.

iShares S&P 500 3% Capped ETF Trading Down 0.3%

Shares of TOPC stock traded down $0.10 during trading on Tuesday, hitting $31.10. The company’s stock had a trading volume of 2,121 shares, compared to its average volume of 11,300. The company has a market cap of $20.22 million, a PE ratio of 25.86 and a beta of 0.97. The business has a fifty day moving average of $31.53 and a 200-day moving average of $30.85. iShares S&P 500 3% Capped ETF has a 52 week low of $23.87 and a 52 week high of $31.98.

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.