iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Shares Shorted: Short Interest Up 133.7% in September

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 148,365 shares, an increase of 133.7% from the August 31st total of 63,472 shares. Based on an average trading volume of 328,657 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Top 20 U.S. Stocks ETF

Several hedge funds and other institutional investors have recently made changes to their positions in TOPT. Atomic Invest LLC lifted its position in iShares Top 20 U.S. Stocks ETF by 9,835.3% during the second quarter. Atomic Invest LLC now owns 185,392 shares of the company’s stock worth $6,026,000 after buying an additional 183,526 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in iShares Top 20 U.S. Stocks ETF by 72.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,417 shares of the company’s stock worth $606,000 after buying an additional 7,731 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Top 20 U.S. Stocks ETF by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 788,413 shares of the company’s stock valued at $25,955,000 after buying an additional 111,315 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in iShares Top 20 U.S. Stocks ETF in the 2nd quarter valued at $155,000. Finally, Tranquilli Financial Advisor LLC grew its holdings in iShares Top 20 U.S. Stocks ETF by 50.5% in the 2nd quarter. Tranquilli Financial Advisor LLC now owns 17,669 shares of the company’s stock valued at $582,000 after buying an additional 5,930 shares in the last quarter.

iShares Top 20 U.S. Stocks ETF Trading Down 0.9%

TOPT stock traded down $0.33 during mid-day trading on Monday, reaching $35.01. The company’s stock had a trading volume of 283,693 shares, compared to its average volume of 395,380. The company’s 50 day moving average is $33.73 and its two-hundred day moving average is $32.59. iShares Top 20 U.S. Stocks ETF has a fifty-two week low of $27.54 and a fifty-two week high of $35.40. The stock has a market cap of $713.50 million, a PE ratio of 32.42 and a beta of 1.13.

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.