iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Shares Shorted: Short Interest Up 241.1% in October

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 149,849 shares, a growth of 241.1% from the October 15th total of 43,932 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 164,595 shares, the days-to-cover ratio is currently 0.9 days.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

QTOP stock traded down $0.81 during trading on Friday, reaching $34.79. 261,509 shares of the company traded hands, compared to its average volume of 194,465. iShares Nasdaq Top 30 Stocks ETF has a 12 month low of $28.71 and a 12 month high of $40.50. The company has a market capitalization of $375.75 million, a price-to-earnings ratio of 26.77 and a beta of 1.44. The business has a 50 day simple moving average of $37.70 and a 200 day simple moving average of $35.65.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $0.0281 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a negative change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.0337. This represents a $0.11 dividend on an annualized basis and a yield of 0.3%.

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several institutional investors have recently bought and sold shares of QTOP. Thoroughbred Financial Services LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the third quarter worth $11,402,000. Diversify Advisory Services LLC boosted its position in shares of iShares Nasdaq Top 30 Stocks ETF by 24.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 91,785 shares of the company’s stock worth $3,509,000 after purchasing an additional 18,236 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter worth $2,336,000. Diversify Wealth Management LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 1st quarter worth $1,871,000. Finally, Private Advisor Group LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 3rd quarter worth $1,677,000.

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.