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

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 139,528 shares, an increase of 142.4% from the July 30th total of 57,563 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 118,971 shares, the days-to-cover ratio is presently 1.2 days.

iShares Nasdaq Top 30 Stocks ETF Trading Down 0.6%

Shares of iShares Nasdaq Top 30 Stocks ETF stock traded down $0.21 on Friday, reaching $37.15. 31,554 shares of the company were exchanged, compared to its average volume of 185,635. iShares Nasdaq Top 30 Stocks ETF has a fifty-two week low of $28.71 and a fifty-two week high of $39.41. The firm has a market capitalization of $288.28 million, a price-to-earnings ratio of 33.35 and a beta of 1.41. The stock has a fifty day moving average price of $37.14 and a 200-day moving average price of $35.10.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.0337 dividend. 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%. This is a positive change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QTOP. EFG International AG acquired a new position in iShares Nasdaq Top 30 Stocks ETF in the 4th quarter valued at approximately $32,000. TD Waterhouse Canada Inc. grew its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 315.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,552 shares of the company’s stock valued at $59,000 after acquiring an additional 1,178 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the second quarter worth $48,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter worth $57,000. Finally, Private Advisor Group LLC boosted its position in iShares Nasdaq Top 30 Stocks ETF by 4.6% during the first quarter. Private Advisor Group LLC now owns 48,164 shares of the company’s stock valued at $1,442,000 after purchasing an additional 2,100 shares during the last quarter.

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.