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

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 237,206 shares, a growth of 67.0% from the July 15th total of 142,062 shares. Based on an average trading volume of 322,380 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.2% of the shares of the company are sold short.

iShares Top 20 U.S. Stocks ETF Price Performance

NYSEARCA:TOPT opened at $33.53 on Wednesday. The company has a market cap of $676.64 million, a P/E ratio of 32.42 and a beta of 1.13. The stock’s fifty day moving average price is $33.08 and its two-hundred day moving average price is $31.82. iShares Top 20 U.S. Stocks ETF has a 1 year low of $27.54 and a 1 year high of $34.47.

Institutional Trading of iShares Top 20 U.S. Stocks ETF

A number of institutional investors have recently added to or reduced their stakes in TOPT. Laurel Oak Wealth Management LLC increased its position in shares of iShares Top 20 U.S. Stocks ETF by 4.7% during the first quarter. Laurel Oak Wealth Management LLC now owns 7,384 shares of the company’s stock valued at $211,000 after buying an additional 334 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares Top 20 U.S. Stocks ETF by 2.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 26,887 shares of the company’s stock valued at $840,000 after acquiring an additional 533 shares during the period. Sunbelt Securities Inc. boosted its position in shares of iShares Top 20 U.S. Stocks ETF by 8.6% in the fourth quarter. Sunbelt Securities Inc. now owns 7,534 shares of the company’s stock valued at $235,000 after acquiring an additional 596 shares during the period. SkyOak Wealth LLC grew its stake in iShares Top 20 U.S. Stocks ETF by 6.8% during the first quarter. SkyOak Wealth LLC now owns 9,435 shares of the company’s stock valued at $270,000 after acquiring an additional 600 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in iShares Top 20 U.S. Stocks ETF by 2.1% during the first quarter. Private Advisor Group LLC now owns 31,905 shares of the company’s stock valued at $913,000 after acquiring an additional 645 shares in 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.