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

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 150,698 shares, an increase of 732.2% from the March 31st total of 18,108 shares. Based on an average daily volume of 146,531 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.0% of the company’s stock are sold short.

iShares Nasdaq Top 30 Stocks ETF Price Performance

Shares of NASDAQ QTOP traded up $0.81 during trading hours on Friday, hitting $35.02. 126,905 shares of the stock were exchanged, compared to its average volume of 206,261. The company’s 50 day moving average is $31.41 and its 200 day moving average is $31.78. The firm has a market capitalization of $259.15 million, a P/E ratio of 33.35 and a beta of 1.16. iShares Nasdaq Top 30 Stocks ETF has a one year low of $23.40 and a one year high of $35.02.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a dividend of $0.0302 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Trading of iShares Nasdaq Top 30 Stocks ETF

Several large investors have recently modified their holdings of the company. EFG International AG bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 4th quarter worth $32,000. Cetera Investment Advisers boosted its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 105.9% during the 4th quarter. Cetera Investment Advisers now owns 21,539 shares of the company’s stock worth $688,000 after buying an additional 11,077 shares during the period. MML Investors Services LLC bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 4th quarter worth $361,000. Magnolia Capital Advisors LLC boosted its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 22.7% during the 4th quarter. Magnolia Capital Advisors LLC now owns 11,738 shares of the company’s stock worth $375,000 after buying an additional 2,172 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 4th quarter worth $109,000.

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.