iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Up 993.9% in July

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 67,458 shares, an increase of 993.9% from the June 30th total of 6,167 shares. Based on an average daily volume of 134,002 shares, the short-interest ratio is currently 0.5 days. Approximately 0.9% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several large investors have recently bought and sold shares of QTOP. Goldman Sachs Group Inc. lifted its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 13,844.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,363,085 shares of the company’s stock worth $43,564,000 after acquiring an additional 1,353,310 shares during the period. Diversify Wealth Management LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter valued at approximately $1,871,000. Bank of America Corp DE increased its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 264.8% during the third quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock valued at $2,421,000 after acquiring an additional 56,532 shares during the period. Jane Street Group LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF during the first quarter worth approximately $797,000. Finally, Private Advisor Group LLC raised its holdings in iShares Nasdaq Top 30 Stocks ETF by 261.3% during the third quarter. Private Advisor Group LLC now owns 42,418 shares of the company’s stock worth $1,319,000 after purchasing an additional 30,678 shares in the last quarter.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

Shares of NASDAQ:QTOP traded down $0.49 on Friday, hitting $35.80. The company’s stock had a trading volume of 201,907 shares, compared to its average volume of 196,632. The company has a market capitalization of $280.67 million, a price-to-earnings ratio of 33.35 and a beta of 1.38. iShares Nasdaq Top 30 Stocks ETF has a 12 month low of $28.42 and a 12 month high of $39.41. The stock’s 50-day moving average is $37.76 and its two-hundred day moving average is $34.28.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.0337 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%. This is a boost from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03.

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.