iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Sees Significant Increase in Short Interest

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 184,207 shares, a growth of 74.5% from the August 31st total of 105,575 shares. Based on an average trading volume of 98,744 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF during the first quarter worth about $57,000. TD Waterhouse Canada Inc. raised its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 315.0% in the second quarter. TD Waterhouse Canada Inc. now owns 1,552 shares of the company’s stock valued at $59,000 after acquiring an additional 1,178 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at approximately $368,000. ATX Financial Planning LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the 1st quarter worth approximately $483,000. Finally, PFG Investments LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the 1st quarter worth approximately $784,000.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

Shares of NASDAQ QTOP opened at $39.30 on Friday. iShares Nasdaq Top 30 Stocks ETF has a 52-week low of $28.71 and a 52-week high of $39.58. The business has a fifty day moving average of $37.45 and a two-hundred day moving average of $36.27. The stock has a market cap of $323.83 million, a PE ratio of 33.35 and a beta of 1.42.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $0.0281 per share. This is a decrease from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.0337. The ex-dividend date was Tuesday, September 15th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.3%.

iShares Nasdaq Top 30 Stocks ETF Company Profile

The iShares Nasdaq Top 30 Stocks ETF (QTOP) is an exchange-traded fund that is based on the Nasdaq-100 Top 30 index. The fund aims to track an index composed of the 30 largest companies by market-cap from the Nasdaq-100 Index. The components are weighted by market-cap with capping limits QTOP was launched on Oct 24, 2024 and is issued by BlackRock.