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

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 83,358 shares, a decrease of 54.7% from the September 15th total of 184,207 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 180,368 shares, the days-to-cover ratio is currently 0.5 days.

iShares Nasdaq Top 30 Stocks ETF Trading Down 0.6%

Shares of QTOP stock traded down $0.22 on Thursday, hitting $38.23. The stock had a trading volume of 201,114 shares, compared to its average volume of 183,607. iShares Nasdaq Top 30 Stocks ETF has a twelve month low of $28.71 and a twelve month high of $40.50. The firm has a market cap of $351.72 million, a P/E ratio of 33.35 and a beta of 1.38. The company has a fifty day moving average price of $38.12 and a two-hundred day moving average price of $36.85.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a $0.0281 dividend. This is a drop 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 dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 15th.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at $2,336,000. TD Waterhouse Canada Inc. lifted its holdings in iShares Nasdaq Top 30 Stocks ETF by 315.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,552 shares of the company’s stock valued at $59,000 after purchasing an additional 1,178 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in iShares Nasdaq Top 30 Stocks ETF during the first quarter worth $368,000. Cetera Investment Advisers boosted its position in iShares Nasdaq Top 30 Stocks ETF by 26.5% during the first quarter. Cetera Investment Advisers now owns 27,238 shares of the company’s stock worth $815,000 after purchasing an additional 5,699 shares during the period. Finally, Diversify Wealth Management LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF during the first quarter worth $1,871,000.

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.