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

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 83,358 shares, a decline of 54.7% from the September 15th total of 184,207 shares. Based on an average daily volume of 180,368 shares, the short-interest ratio is currently 0.5 days. Approximately 0.9% of the company’s shares are short sold.

iShares Nasdaq Top 30 Stocks ETF Stock Down 0.2%

QTOP stock traded down $0.09 during trading on Tuesday, hitting $39.33. The company had a trading volume of 172,836 shares, compared to its average volume of 183,075. The firm has a 50-day moving average price of $38.07 and a 200-day moving average price of $36.72. iShares Nasdaq Top 30 Stocks ETF has a 12 month low of $28.71 and a 12 month high of $40.50. The stock has a market cap of $355.54 million, a price-to-earnings ratio of 33.35 and a beta of 1.38.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Diversify Wealth Management LLC bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter worth $1,871,000. Citadel Advisors LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the second quarter valued at $2,336,000. Private Advisor Group LLC boosted its holdings in iShares Nasdaq Top 30 Stocks ETF by 4.6% in the first quarter. Private Advisor Group LLC now owns 48,164 shares of the company’s stock valued at $1,442,000 after acquiring an additional 2,100 shares during the last quarter. Cetera Investment Advisers boosted its holdings in iShares Nasdaq Top 30 Stocks ETF by 26.5% in the first quarter. Cetera Investment Advisers now owns 27,238 shares of the company’s stock valued at $815,000 after acquiring an additional 5,699 shares during the last quarter. Finally, PFG Investments LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at about $784,000.

About iShares Nasdaq Top 30 Stocks ETF

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.