iShares Nasdaq-100 ex Top 30 ETF (NASDAQ:QNXT) Stock Short Interest Rises 1,425.6%

iShares Nasdaq-100 ex Top 30 ETF (NASDAQ:QNXT) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 8,162 shares, an increase of 1,425.6% from the October 15th total of 535 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 3,960 shares, the days-to-cover ratio is presently 2.1 days.

iShares Nasdaq-100 ex Top 30 ETF Trading Down 0.9%

Shares of QNXT traded down $0.28 during mid-day trading on Tuesday, reaching $30.38. The company’s stock had a trading volume of 1,508 shares, compared to its average volume of 3,606. iShares Nasdaq-100 ex Top 30 ETF has a 1-year low of $25.51 and a 1-year high of $32.59. The business has a 50-day simple moving average of $30.87 and a two-hundred day simple moving average of $29.76. The stock has a market cap of $27.34 million, a P/E ratio of 25.29 and a beta of 1.10.

iShares Nasdaq-100 ex Top 30 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.0504 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.20 annualized dividend and a yield of 0.7%. This is a negative change from iShares Nasdaq-100 ex Top 30 ETF’s previous quarterly dividend of $0.0524.

About iShares Nasdaq-100 ex Top 30 ETF

The iShares Nasdaq-100 ex Top 30 ETF (QNXT) is an exchange-traded fund that is based on the Nasdaq-100 ex Top 30 index. The fund seeks to follow an index of the 31st to 100th largest Nasdaq-100 Index companies by market-cap. The funds holdings are weighted by market-cap QNXT was launched on Oct 23, 2024 and is issued by BlackRock.