iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) Shares Shorted: Short Interest Down 45.4% in September

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 81,000 shares, a decrease of 45.4% from the September 15th total of 148,365 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 478,593 shares, the days-to-cover ratio is currently 0.2 days.

iShares Top 20 U.S. Stocks ETF Trading Down 0.2%

iShares Top 20 U.S. Stocks ETF stock traded down $0.07 during mid-day trading on Thursday, hitting $35.05. The stock had a trading volume of 422,018 shares, compared to its average volume of 413,234. iShares Top 20 U.S. Stocks ETF has a one year low of $27.54 and a one year high of $35.85. The firm has a market capitalization of $778.22 million, a P/E ratio of 32.42 and a beta of 1.10. The firm’s 50 day moving average is $34.31 and its 200 day moving average is $33.11.

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

Several institutional investors have recently made changes to their positions in TOPT. Independent Financial Group LLC bought a new stake in iShares Top 20 U.S. Stocks ETF during the 1st quarter valued at approximately $7,730,000. Atomic Invest LLC boosted its stake in iShares Top 20 U.S. Stocks ETF by 9,835.3% in the 2nd quarter. Atomic Invest LLC now owns 185,392 shares of the company’s stock worth $6,026,000 after purchasing an additional 183,526 shares during the period. Envestnet Asset Management Inc. boosted its stake 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 worth $25,955,000 after purchasing an additional 111,315 shares during the period. Signal Advisors Wealth LLC boosted its stake in iShares Top 20 U.S. Stocks ETF by 260.3% in the 3rd quarter. Signal Advisors Wealth LLC now owns 141,192 shares of the company’s stock worth $4,928,000 after purchasing an additional 102,010 shares during the period. Finally, Royal Bank of Canada bought a new position in iShares Top 20 U.S. Stocks ETF in the 1st quarter worth approximately $1,521,000.

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.