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

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

iShares Nasdaq Top 30 Stocks ETF Stock Down 0.4%

NASDAQ:QTOP traded down $0.15 during trading hours on Friday, hitting $37.21. 17,500 shares of the company traded hands, compared to its average volume of 185,538. The company has a market cap of $288.75 million, a PE ratio of 33.35 and a beta of 1.41. The firm’s 50-day simple moving average is $37.17 and its 200-day simple moving average is $35.08. iShares Nasdaq Top 30 Stocks ETF has a one year low of $28.71 and a one year high of $39.41.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

A number of hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in iShares Nasdaq Top 30 Stocks ETF by 13,844.6% during 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 period. LPL Financial LLC increased its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 3.8% during the 4th quarter. LPL Financial LLC now owns 456,978 shares of the company’s stock worth $14,605,000 after purchasing an additional 16,666 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of 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 worth $2,421,000 after purchasing an additional 56,532 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at $1,871,000. Finally, Private Advisor Group LLC lifted 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 buying an additional 2,100 shares during the last quarter.

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.