iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Sees Significant Decline in Short Interest

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 11,776 shares, a decrease of 79.0% from the February 26th total of 56,180 shares. Based on an average daily trading volume, of 133,912 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of iShares Nasdaq Top 30 Stocks ETF by 13,844.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,363,085 shares of the company’s stock worth $43,564,000 after buying an additional 1,353,310 shares during the period. LPL Financial LLC grew its position in iShares Nasdaq Top 30 Stocks ETF by 3.8% in the fourth quarter. LPL Financial LLC now owns 456,978 shares of the company’s stock valued at $14,605,000 after acquiring an additional 16,666 shares during the period. Thoroughbred Financial Services LLC grew its position in iShares Nasdaq Top 30 Stocks ETF by 23.3% in the third quarter. Thoroughbred Financial Services LLC now owns 366,243 shares of the company’s stock valued at $11,386,000 after acquiring an additional 69,197 shares during the period. Bank of America Corp DE raised its stake in iShares Nasdaq Top 30 Stocks ETF by 264.8% during the third quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock worth $2,421,000 after acquiring an additional 56,532 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in iShares Nasdaq Top 30 Stocks ETF by 45.7% during the fourth quarter. Diversify Advisory Services LLC now owns 66,685 shares of the company’s stock worth $2,155,000 after acquiring an additional 20,929 shares in the last quarter.

iShares Nasdaq Top 30 Stocks ETF Price Performance

Shares of iShares Nasdaq Top 30 Stocks ETF stock traded down $0.18 during trading on Friday, hitting $29.53. 56,284 shares of the company’s stock traded hands, compared to its average volume of 222,536. The company has a market cap of $253.96 million, a PE ratio of 33.35 and a beta of 1.34. The firm’s fifty day moving average price is $31.45 and its 200 day moving average price is $31.61. iShares Nasdaq Top 30 Stocks ETF has a twelve month low of $20.33 and a twelve month high of $33.24.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

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

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.