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

iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 27,026 shares, a growth of 2,473.9% from the October 15th total of 1,050 shares. Based on an average trading volume of 13,044 shares, the short-interest ratio is presently 2.1 days. Currently, 2.8% of the company’s stock are sold short.

iShares S&P 500 3% Capped ETF Stock Down 0.0%

TOPC stock traded down $0.01 during midday trading on Tuesday, reaching $34.50. 523 shares of the company’s stock traded hands, compared to its average volume of 9,113. The company has a market cap of $32.77 million, a price-to-earnings ratio of 25.86 and a beta of 0.88. The firm’s fifty day moving average price is $34.79 and its 200-day moving average price is $33.42. iShares S&P 500 3% Capped ETF has a 52 week low of $29.14 and a 52 week high of $35.63.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in iShares S&P 500 3% Capped ETF stock. Royal Bank of Canada boosted its position in iShares S&P 500 3% Capped ETF (NYSEARCA:TOPC) by 375.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 39,417 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

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.