iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Down 44.9% in February

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 56,180 shares, a decrease of 44.9% from the February 12th total of 101,940 shares. Based on an average trading volume of 293,985 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 293,985 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in shares of iShares Nasdaq Top 30 Stocks ETF by 13,844.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,363,085 shares of the company’s stock valued at $43,564,000 after buying an additional 1,353,310 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the 2nd quarter worth approximately $8,391,000. Bank of America Corp DE raised its stake in iShares Nasdaq Top 30 Stocks ETF by 264.8% in the 3rd quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock valued at $2,421,000 after acquiring an additional 56,532 shares during the period. Jane Street Group LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at $797,000. Finally, Private Advisor Group LLC lifted its holdings in iShares Nasdaq Top 30 Stocks ETF by 261.3% during the 3rd quarter. Private Advisor Group LLC now owns 42,418 shares of the company’s stock valued at $1,319,000 after purchasing an additional 30,678 shares during the last quarter.

iShares Nasdaq Top 30 Stocks ETF Price Performance

Shares of QTOP stock opened at $31.54 on Thursday. The company has a fifty day moving average price of $31.82 and a two-hundred day moving average price of $31.55. iShares Nasdaq Top 30 Stocks ETF has a one year low of $20.33 and a one year high of $33.24. The stock has a market cap of $271.24 million, a P/E ratio of 33.35 and a beta of 1.34.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $0.0315 dividend. This is an increase from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 16th. This represents a $0.13 annualized dividend and a yield of 0.4%.

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.