iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Sees Large Increase in Short Interest

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 184,207 shares, a growth of 74.5% from the August 31st total of 105,575 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average trading volume of 98,744 shares, the short-interest ratio is currently 1.9 days.

iShares Nasdaq Top 30 Stocks ETF Stock Up 0.2%

iShares Nasdaq Top 30 Stocks ETF stock traded up $0.07 during midday trading on Thursday, hitting $39.30. 193,346 shares of the stock were exchanged, compared to its average volume of 180,382. The stock has a market capitalization of $323.83 million, a PE ratio of 33.35 and a beta of 1.42. The company has a fifty day simple moving average of $37.39 and a two-hundred day simple moving average of $36.21. iShares Nasdaq Top 30 Stocks ETF has a 52 week low of $28.71 and a 52 week high of $39.58.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.0281 dividend. 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. The ex-dividend date was Tuesday, September 15th.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several institutional investors and hedge funds have recently made changes to their positions in QTOP. Diversify Wealth Management LLC bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at $1,871,000. Citadel Advisors LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF in the second quarter valued at about $2,336,000. Private Advisor Group LLC increased its holdings in shares of 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 worth $1,442,000 after acquiring an additional 2,100 shares in the last quarter. Cetera Investment Advisers raised its position 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 worth $815,000 after purchasing an additional 5,699 shares during the period. Finally, PFG Investments LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter worth 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.