iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Sees Large Decrease in Short Interest

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 155,712 shares, a drop of 34.4% from the July 30th total of 237,206 shares. Based on an average daily volume of 266,052 shares, the short-interest ratio is currently 0.6 days. Approximately 0.8% of the shares of the stock are short sold.

iShares Top 20 U.S. Stocks ETF Stock Performance

iShares Top 20 U.S. Stocks ETF stock traded down $0.18 on Tuesday, reaching $33.46. The company’s stock had a trading volume of 204,764 shares, compared to its average volume of 395,241. The company has a market cap of $675.22 million, a price-to-earnings ratio of 32.42 and a beta of 1.13. The business’s fifty day moving average price is $33.15 and its 200 day moving average price is $31.99. iShares Top 20 U.S. Stocks ETF has a twelve month low of $27.54 and a twelve month high of $34.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in iShares Top 20 U.S. Stocks ETF by 451.4% in the 1st quarter. Royal Bank of Canada now owns 102,000 shares of the company’s stock valued at $2,430,000 after acquiring an additional 83,500 shares in the last quarter. Jane Street Group LLC grew its stake in shares of iShares Top 20 U.S. Stocks ETF by 21.9% during the first quarter. Jane Street Group LLC now owns 15,722 shares of the company’s stock valued at $374,000 after purchasing an additional 2,820 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of iShares Top 20 U.S. Stocks ETF by 10.0% in the second quarter. Diversify Advisory Services LLC now owns 9,466 shares of the company’s stock valued at $275,000 after purchasing an additional 857 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of iShares Top 20 U.S. Stocks ETF by 876.1% in the second quarter. Tower Research Capital LLC TRC now owns 79,510 shares of the company’s stock valued at $2,170,000 after purchasing an additional 71,364 shares in the last quarter. Finally, Osaic Holdings Inc. bought a new position in iShares Top 20 U.S. Stocks ETF in the 2nd quarter worth approximately $238,000.

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.