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) was the recipient of a large growth in short interest during the month of 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 stock are short sold. Based on an average daily trading volume, of 8,412 shares, the short-interest ratio is presently 1.1 days.

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

A hedge fund recently raised its stake in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada raised its stake in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 375.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,417 shares of the company’s stock after buying an additional 31,122 shares during the period. 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 NYSEARCA:TOPC opened at $34.33 on Friday. The company’s fifty day moving average price is $32.05 and its 200-day moving average price is $31.51. The firm has a market capitalization of $27.46 million, a price-to-earnings ratio of 25.86 and a beta of 0.97. iShares S&P 500 3% Capped ETF has a one year low of $27.22 and a one year 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.