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

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 25,500 shares, an increase of 38.9% from the December 31st total of 18,355 shares. Based on an average trading volume of 161,559 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 161,559 shares, the short-interest ratio is presently 0.2 days.

iShares Nasdaq Top 30 Stocks ETF Trading Down 1.5%

Shares of QTOP traded down $0.48 during trading hours on Friday, reaching $32.39. 325,677 shares of the stock traded hands, compared to its average volume of 154,307. The company has a market cap of $277.26 million, a P/E ratio of 33.35 and a beta of 1.34. The company’s 50-day moving average price is $32.17 and its two-hundred day moving average price is $31.15. iShares Nasdaq Top 30 Stocks ETF has a 52-week low of $20.33 and a 52-week high of $33.24.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $0.0315 dividend. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QTOP. Jane Street Group LLC purchased a new stake in iShares Nasdaq Top 30 Stocks ETF during the first quarter valued at $797,000. Stratos Wealth Advisors LLC increased its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 46.5% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 45,883 shares of the company’s stock worth $1,296,000 after buying an additional 14,565 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 2nd quarter valued at about $270,000. Thoroughbred Financial Services LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at about $8,391,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in iShares Nasdaq Top 30 Stocks ETF in the second quarter worth about $48,000.

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.