Short Interest in iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Rises By 67.0%

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 237,206 shares, an increase of 67.0% from the July 15th total of 142,062 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 322,380 shares, the short-interest ratio is presently 0.7 days.

iShares Top 20 U.S. Stocks ETF Stock Performance

Shares of NYSEARCA:TOPT traded down $0.13 during midday trading on Monday, reaching $33.79. 161,201 shares of the company’s stock traded hands, compared to its average volume of 405,499. The company has a fifty day simple moving average of $33.06 and a two-hundred day simple moving average of $31.78. iShares Top 20 U.S. Stocks ETF has a 1 year low of $27.54 and a 1 year high of $34.47. The company has a market cap of $681.88 million, a P/E ratio of 32.42 and a beta of 1.13.

Institutional Trading of iShares Top 20 U.S. Stocks ETF

A number of hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF during the 1st quarter valued at about $35,000. Private Wealth Management Group LLC acquired a new stake in iShares Top 20 U.S. Stocks ETF during the first quarter worth about $35,000. Bank of America Corp DE increased its position in iShares Top 20 U.S. Stocks ETF by 843.9% during 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. Simplex Trading LLC raised its stake in iShares Top 20 U.S. Stocks ETF by 364.0% during the fourth 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. Finally, Harbour Investments Inc. purchased a new position in iShares Top 20 U.S. Stocks ETF during the fourth quarter worth about $162,000.

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.