iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Stock Short Interest Rises 241.1%

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 149,849 shares, a growth of 241.1% from the October 15th total of 43,932 shares. Based on an average daily trading volume, of 164,595 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 3rd quarter valued at about $11,402,000. Diversify Advisory Services LLC lifted its position in shares of iShares Nasdaq Top 30 Stocks ETF by 24.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 91,785 shares of the company’s stock worth $3,509,000 after purchasing an additional 18,236 shares during the period. Citadel Advisors LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the second quarter valued at approximately $2,336,000. Diversify Wealth Management LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter valued at approximately $1,871,000. Finally, Private Advisor Group LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the third quarter valued at approximately $1,677,000.

iShares Nasdaq Top 30 Stocks ETF Trading Down 0.1%

Shares of iShares Nasdaq Top 30 Stocks ETF stock traded down $0.04 during trading on Thursday, hitting $35.60. 214,330 shares of the stock traded hands, compared to its average volume of 194,254. The firm has a market cap of $384.48 million, a P/E ratio of 26.77 and a beta of 1.44. iShares Nasdaq Top 30 Stocks ETF has a 52-week low of $28.71 and a 52-week high of $40.50. The stock’s fifty day simple moving average is $37.73 and its 200 day simple moving average is $35.63.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.0281 per share. This represents a $0.11 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, September 15th. This is a negative change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.0337.

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.