iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Update

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 18,108 shares, an increase of 53.8% from the March 15th total of 11,776 shares. Based on an average daily volume of 164,393 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

iShares Nasdaq Top 30 Stocks ETF Stock Up 1.5%

QTOP traded up $0.50 during trading on Wednesday, reaching $33.51. The stock had a trading volume of 119,296 shares, compared to its average volume of 212,053. The firm has a market capitalization of $243.95 million, a price-to-earnings ratio of 33.35 and a beta of 1.16. iShares Nasdaq Top 30 Stocks ETF has a 1-year low of $21.59 and a 1-year high of $33.51. The stock has a 50 day moving average of $31.06 and a two-hundred day moving average of $31.65.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a $0.0302 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EFG International AG acquired a new position in iShares Nasdaq Top 30 Stocks ETF during the fourth quarter worth about $32,000. Northwestern Mutual Wealth Management Co. acquired a new stake in iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at about $48,000. Steward Partners Investment Advisory LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the 4th quarter valued at about $109,000. Private Trust Co. NA grew its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 100.8% in the 3rd quarter. Private Trust Co. NA now owns 4,097 shares of the company’s stock worth $127,000 after purchasing an additional 2,057 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the 4th quarter worth approximately $361,000.

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.