iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) Sees Large Decline in Short Interest

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 1,894 shares, a drop of 63.3% from the January 15th total of 5,158 shares. Based on an average daily trading volume, of 13,563 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 13,563 shares, the short-interest ratio is presently 0.1 days.

iShares S&P 500 3% Capped ETF Trading Down 0.2%

Shares of TOPC opened at $31.78 on Wednesday. The firm has a market cap of $20.66 million, a PE ratio of 25.86 and a beta of 0.97. The stock has a fifty day moving average price of $31.38 and a 200-day moving average price of $30.51. iShares S&P 500 3% Capped ETF has a 12 month low of $23.87 and a 12 month high of $31.98.

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

A hedge fund recently bought a new stake in iShares S&P 500 3% Capped ETF stock. Granite Bay Wealth Management LLC purchased a new stake in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,846 shares of the company’s stock, valued at approximately $208,000. Granite Bay Wealth Management LLC owned about 1.52% of iShares S&P 500 3% Capped ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.