iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 247,620 shares, an increase of 205.7% from the September 30th total of 81,000 shares. Based on an average trading volume of 708,039 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.1% of the company’s stock are short sold.
Institutional Trading of iShares Top 20 U.S. Stocks ETF
Several institutional investors and hedge funds have recently modified their holdings of the business. Atomic Invest LLC increased its holdings in iShares Top 20 U.S. Stocks ETF by 9,835.3% during the 2nd quarter. Atomic Invest LLC now owns 185,392 shares of the company’s stock valued at $6,026,000 after purchasing an additional 183,526 shares during the period. Independent Financial Group LLC bought a new position in iShares Top 20 U.S. Stocks ETF during the 1st quarter valued at about $7,730,000. Midwest Financial Network LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF during the second quarter valued at $970,000. Optivise Advisory Services LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF during the third quarter valued at approximately $640,000. Finally, Envestnet Asset Management Inc. lifted its holdings in iShares Top 20 U.S. Stocks ETF by 16.4% during the second quarter. Envestnet Asset Management Inc. now owns 788,413 shares of the company’s stock valued at $25,955,000 after purchasing an additional 111,315 shares in the last quarter.
iShares Top 20 U.S. Stocks ETF Stock Performance
Shares of iShares Top 20 U.S. Stocks ETF stock traded down $0.81 during mid-day trading on Friday, hitting $34.03. 476,591 shares of the stock were exchanged, compared to its average volume of 426,485. The company has a 50-day simple moving average of $34.53 and a 200 day simple moving average of $32.44. The company has a market capitalization of $742.53 million, a P/E ratio of 32.42 and a beta of 1.10. iShares Top 20 U.S. Stocks ETF has a 12 month low of $27.54 and a 12 month high of $35.85.
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.
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