iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Down 38.1% in June

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 60,241 shares, a drop of 38.1% from the May 31st total of 97,279 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 171,654 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Mascagni Wealth Management Inc. acquired a new position in iShares Nasdaq Top 30 Stocks ETF in the first quarter worth $368,000. Cetera Investment Advisers raised its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 26.5% in the first quarter. Cetera Investment Advisers now owns 27,238 shares of the company’s stock valued at $815,000 after buying an additional 5,699 shares during the last quarter. Diversify Wealth Management LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at about $1,871,000. ATX Financial Planning LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth about $483,000. Finally, PFG Investments LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth about $784,000.

iShares Nasdaq Top 30 Stocks ETF Trading Down 2.0%

NASDAQ:QTOP opened at $37.20 on Friday. iShares Nasdaq Top 30 Stocks ETF has a 1 year low of $28.07 and a 1 year high of $39.41. The firm has a 50 day moving average of $37.46 and a 200-day moving average of $33.71. The stock has a market capitalization of $290.16 million, a P/E ratio of 33.35 and a beta of 1.38.

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. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%. This is a positive change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03.

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.