iShares Nasdaq-100 ex Top 30 ETF (NASDAQ:QNXT) Sees Large Drop in Short Interest

iShares Nasdaq-100 ex Top 30 ETF (NASDAQ:QNXT) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 535 shares, a drop of 80.6% from the September 30th total of 2,756 shares. Based on an average daily volume of 1,374 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

iShares Nasdaq-100 ex Top 30 ETF Stock Down 0.5%

Shares of QNXT stock traded down $0.16 during trading on Thursday, hitting $31.15. The company had a trading volume of 477 shares, compared to its average volume of 3,544. The stock’s 50-day moving average is $31.17 and its two-hundred day moving average is $29.65. The stock has a market capitalization of $28.04 million, a price-to-earnings ratio of 27.80 and a beta of 1.11. iShares Nasdaq-100 ex Top 30 ETF has a 52 week low of $25.51 and a 52 week high of $32.59.

iShares Nasdaq-100 ex Top 30 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.0504 per share. The ex-dividend date was Tuesday, September 15th. This is a negative change from iShares Nasdaq-100 ex Top 30 ETF’s previous quarterly dividend of $0.0524. This represents a $0.20 annualized dividend and a yield of 0.6%.

iShares Nasdaq-100 ex Top 30 ETF Company Profile

The iShares Nasdaq-100 ex Top 30 ETF (QNXT) is an exchange-traded fund that is based on the Nasdaq-100 ex Top 30 index. The fund seeks to follow an index of the 31st to 100th largest Nasdaq-100 Index companies by market-cap. The funds holdings are weighted by market-cap QNXT was launched on Oct 23, 2024 and is issued by BlackRock.