iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Stock Short Interest Report for October

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 43,932 shares, a decline of 47.3% from the September 30th total of 83,358 shares. Based on an average trading volume of 240,039 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several hedge funds have recently made changes to their positions in QTOP. TD Waterhouse Canada Inc. grew its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 315.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,552 shares of the company’s stock worth $59,000 after acquiring an additional 1,178 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at approximately $57,000. Mascagni Wealth Management Inc. bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth $368,000. ATX Financial Planning LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter worth approximately $483,000. Finally, PFG Investments LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at approximately $784,000.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

Shares of iShares Nasdaq Top 30 Stocks ETF stock traded down $1.44 during trading hours on Friday, reaching $35.87. The company’s stock had a trading volume of 395,283 shares, compared to its average volume of 182,615. The stock has a market cap of $332.87 million, a P/E ratio of 33.35 and a beta of 1.38. The company’s 50 day simple moving average is $38.06 and its 200 day simple moving average is $35.52. iShares Nasdaq Top 30 Stocks ETF has a one year low of $28.71 and a one year high of $40.50.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $0.0281 dividend. This is a drop from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.0337. The ex-dividend date of this dividend 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.