Short Interest in iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Declines By 38.1%

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOPGet Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 60,241 shares, a decline of 38.1% from the May 31st total of 97,279 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 171,654 shares, the short-interest ratio is currently 0.4 days.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

NASDAQ QTOP opened at $37.20 on Friday. The firm has a market cap of $290.16 million, a PE ratio of 33.35 and a beta of 1.38. iShares Nasdaq Top 30 Stocks ETF has a 1-year low of $28.07 and a 1-year high of $39.41. The stock has a 50-day moving average of $37.52 and a 200-day moving average of $33.74.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several institutional investors have recently added to or reduced their stakes in QTOP. EFG International AG bought a new stake in iShares Nasdaq Top 30 Stocks ETF in the 4th quarter worth $32,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the second quarter valued at about $48,000. Sound Income Strategies LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter valued at about $57,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the fourth quarter worth about $109,000. Finally, MML Investors Services LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the fourth quarter worth about $361,000.

About iShares Nasdaq Top 30 Stocks ETF

(Get Free Report)

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.

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