iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Down 44.9% in February

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 56,180 shares, a decrease of 44.9% from the February 12th total of 101,940 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 293,985 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 293,985 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake 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 acquiring an additional 1,353,310 shares during the period. LPL Financial LLC grew its holdings 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 in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 23.3% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 366,243 shares of the company’s stock worth $11,386,000 after purchasing an additional 69,197 shares in the last quarter. Bank of America Corp DE increased its position in shares of 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 valued at $2,421,000 after purchasing an additional 56,532 shares during the period. Finally, Diversify Advisory Services LLC increased its position in shares of 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 valued at $2,155,000 after purchasing an additional 20,929 shares during the period.

iShares Nasdaq Top 30 Stocks ETF Stock Down 0.7%

NASDAQ QTOP traded down $0.23 during midday trading on Friday, hitting $30.76. The company had a trading volume of 85,330 shares, compared to its average volume of 236,968. The firm has a fifty day simple moving average of $31.78 and a two-hundred day simple moving average of $31.56. iShares Nasdaq Top 30 Stocks ETF has a fifty-two week low of $20.33 and a fifty-two week high of $33.24. The stock has a market cap of $264.54 million, a price-to-earnings ratio of 33.35 and a beta of 1.34.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $0.0315 dividend. The ex-dividend date was Tuesday, December 16th. This is a boost from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03. This represents a $0.13 annualized dividend and a dividend yield of 0.4%.

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.