iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Stock Short Interest Rises 241.1%

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 149,849 shares, an increase of 241.1% from the October 15th total of 43,932 shares. Based on an average daily volume of 164,595 shares, the short-interest ratio is presently 0.9 days. Currently, 1.6% of the company’s shares are short sold.

iShares Nasdaq Top 30 Stocks ETF Price Performance

Shares of NASDAQ:QTOP traded down $0.04 on Thursday, hitting $35.60. 214,330 shares of the company’s stock were exchanged, compared to its average volume of 194,254. The stock has a market capitalization of $384.48 million, a price-to-earnings ratio of 26.77 and a beta of 1.44. iShares Nasdaq Top 30 Stocks ETF has a 12 month low of $28.71 and a 12 month high of $40.50. The business’s 50 day simple moving average is $37.73 and its two-hundred day simple moving average is $35.63.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a $0.0281 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.11 annualized dividend and a yield of 0.3%. This is a drop 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter worth about $2,336,000. Diversify Advisory Services LLC raised its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 24.8% during the third quarter. Diversify Advisory Services LLC now owns 91,785 shares of the company’s stock valued at $3,509,000 after acquiring an additional 18,236 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter valued at approximately $1,871,000. Cetera Investment Advisers raised its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 26.5% during 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 in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the third quarter valued at approximately $1,677,000.

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.