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 target of a large decline in short interest in August. As of August 14th, there was short interest totaling 155,712 shares, a decline of 34.4% from the July 30th total of 237,206 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 266,052 shares, the days-to-cover ratio is currently 0.6 days.

iShares Top 20 U.S. Stocks ETF Stock Down 0.5%

NYSEARCA:TOPT traded down $0.18 during trading hours on Tuesday, reaching $33.46. The company had a trading volume of 204,764 shares, compared to its average volume of 395,241. The stock has a 50-day moving average of $33.15 and a two-hundred day moving average of $31.99. iShares Top 20 U.S. Stocks ETF has a one year low of $27.54 and a one year high of $34.47. The firm has a market capitalization of $675.22 million, a PE ratio of 32.42 and a beta of 1.13.

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

Several large investors have recently made changes to their positions in TOPT. Tranquilli Financial Advisor LLC increased its position in shares of iShares Top 20 U.S. Stocks ETF by 50.5% during the 2nd quarter. Tranquilli Financial Advisor LLC now owns 17,669 shares of the company’s stock worth $582,000 after purchasing an additional 5,930 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in iShares Top 20 U.S. Stocks ETF during the second quarter worth about $231,000. Midwest Financial Network LLC acquired a new stake in shares of iShares Top 20 U.S. Stocks ETF during the second quarter worth approximately $970,000. Norris Financial Group LLC acquired a new stake in shares of iShares Top 20 U.S. Stocks ETF during the first quarter worth approximately $251,000. Finally, Bank of America Corp DE raised its stake in shares of iShares Top 20 U.S. Stocks ETF by 35.4% in the first quarter. Bank of America Corp DE now owns 17,881 shares of the company’s stock valued at $512,000 after acquiring an additional 4,671 shares during the last quarter.

iShares Top 20 U.S. Stocks ETF Company Profile

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.