Short Interest in iShares Nasdaq-100 ex Top 30 ETF (NASDAQ:QNXT) Grows By 82.8%

iShares Nasdaq-100 ex Top 30 ETF (NASDAQ:QNXT) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 6,529 shares, an increase of 82.8% from the July 30th total of 3,572 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 2,799 shares, the short-interest ratio is currently 2.3 days.

iShares Nasdaq-100 ex Top 30 ETF Price Performance

QNXT traded down $0.40 on Friday, hitting $32.03. The company had a trading volume of 9,101 shares, compared to its average volume of 3,714. The company’s fifty day moving average price is $31.28 and its 200 day moving average price is $29.51. iShares Nasdaq-100 ex Top 30 ETF has a 1-year low of $25.51 and a 1-year high of $32.59. The stock has a market cap of $29.47 million, a price-to-earnings ratio of 27.80 and a beta of 1.09.

iShares Nasdaq-100 ex Top 30 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.0524 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.7%.

About iShares Nasdaq-100 ex Top 30 ETF

The iShares Nasdaq-100 ex Top 30 ETF (QNXT) is an exchange-traded fund that is based on the Nasdaq-100 ex Top 30 index. The fund seeks to follow an index of the 31st to 100th largest Nasdaq-100 Index companies by market-cap. The funds holdings are weighted by market-cap QNXT was launched on Oct 23, 2024 and is issued by BlackRock.