iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Shares Shorted: Short Interest Down 47.3% in October

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 43,932 shares, a decrease of 47.3% from the September 30th total of 83,358 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 240,039 shares, the days-to-cover ratio is currently 0.2 days.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

NASDAQ:QTOP traded down $0.65 during mid-day trading on Monday, reaching $35.22. The stock had a trading volume of 386,245 shares, compared to its average volume of 183,586. The stock has a market capitalization of $326.84 million, a P/E ratio of 33.35 and a beta of 1.38. The firm has a 50 day moving average price of $38.06 and a two-hundred day moving average price of $35.52. iShares Nasdaq Top 30 Stocks ETF has a one year low of $28.71 and a one year high of $40.50.

iShares Nasdaq Top 30 Stocks 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 paid a $0.0281 dividend. This is a drop from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.0337. This represents a $0.11 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the third quarter valued at approximately $281,000. Diversify Advisory Services LLC raised its holdings 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. TD Waterhouse Canada Inc. raised its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 23.0% during the third quarter. TD Waterhouse Canada Inc. now owns 1,909 shares of the company’s stock valued at $75,000 after acquiring an additional 357 shares in the last quarter. Citadel Advisors LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF in the second quarter valued at $2,336,000. Finally, Mascagni Wealth Management Inc. bought a new position in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter worth $368,000.

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.