iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Short Interest Update

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 92,693 shares, a decrease of 61.5% from the May 31st total of 240,961 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 350,199 shares, the days-to-cover ratio is currently 0.3 days.

iShares Top 20 U.S. Stocks ETF Price Performance

iShares Top 20 U.S. Stocks ETF stock opened at $31.84 on Friday. iShares Top 20 U.S. Stocks ETF has a one year low of $26.99 and a one year high of $34.47. The business’s fifty day moving average is $33.02 and its 200 day moving average is $31.26. The stock has a market capitalization of $577.58 million, a PE ratio of 32.42 and a beta of 1.10.

Hedge Funds Weigh In On iShares Top 20 U.S. Stocks ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. bought a new stake in shares of iShares Top 20 U.S. Stocks ETF in the fourth quarter worth approximately $26,000. Cornerstone Planning Group LLC bought a new position in iShares Top 20 U.S. Stocks ETF during the first quarter valued at approximately $35,000. Private Wealth Management Group LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF in the first quarter worth approximately $35,000. Bank of America Corp DE boosted its holdings in iShares Top 20 U.S. Stocks ETF by 843.9% in the third quarter. Bank of America Corp DE now owns 1,935 shares of the company’s stock worth $59,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Simplex Trading LLC grew its position in iShares Top 20 U.S. Stocks ETF by 364.0% in the 4th quarter. Simplex Trading LLC now owns 3,155 shares of the company’s stock worth $99,000 after purchasing an additional 2,475 shares during the period.

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.