iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Up 142.4% in August

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 139,528 shares, an increase of 142.4% from the July 30th total of 57,563 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 118,971 shares, the days-to-cover ratio is currently 1.2 days.

iShares Nasdaq Top 30 Stocks ETF Trading Down 0.6%

NASDAQ:QTOP traded down $0.21 on Friday, reaching $37.15. 31,554 shares of the stock traded hands, compared to its average volume of 185,635. The firm has a market capitalization of $288.28 million, a price-to-earnings ratio of 33.35 and a beta of 1.41. The company’s 50 day moving average is $37.14 and its 200-day moving average is $35.10. iShares Nasdaq Top 30 Stocks ETF has a 1-year low of $28.71 and a 1-year high of $39.41.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.0337 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

A number of hedge funds have recently bought and sold shares of the company. EFG International AG bought a new stake in iShares Nasdaq Top 30 Stocks ETF during the fourth quarter valued at $32,000. TD Waterhouse Canada Inc. raised its position in shares of iShares Nasdaq Top 30 Stocks ETF by 315.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,552 shares of the company’s stock worth $59,000 after acquiring an additional 1,178 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at about $48,000. Sound Income Strategies LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at about $57,000. Finally, Private Advisor Group LLC boosted its position in shares of iShares Nasdaq Top 30 Stocks ETF by 4.6% during the 1st quarter. Private Advisor Group LLC now owns 48,164 shares of the company’s stock valued at $1,442,000 after purchasing an additional 2,100 shares in the last quarter.

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.