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

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 139,528 shares, an increase of 142.4% from the July 30th total of 57,563 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 118,971 shares, the short-interest ratio is presently 1.2 days.

iShares Nasdaq Top 30 Stocks ETF Price Performance

Shares of iShares Nasdaq Top 30 Stocks ETF stock traded down $0.15 during midday trading on Friday, reaching $37.21. The company had a trading volume of 17,500 shares, compared to its average volume of 185,538. The stock has a fifty day moving average price of $37.17 and a 200 day moving average price of $35.08. iShares Nasdaq Top 30 Stocks ETF has a fifty-two week low of $28.71 and a fifty-two week high of $39.41. The firm has a market cap of $288.75 million, a PE ratio of 33.35 and a beta of 1.41.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.0337 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 15th. This is an increase from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03.

Institutional Trading of iShares Nasdaq Top 30 Stocks ETF

Several large investors have recently modified their holdings of QTOP. PFG Investments LLC acquired a new stake in iShares Nasdaq Top 30 Stocks ETF in the first quarter worth $784,000. ATX Financial Planning LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth approximately $483,000. Diversify Wealth Management LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF in the first quarter worth approximately $1,871,000. Private Advisor Group LLC grew its stake in iShares Nasdaq Top 30 Stocks ETF by 4.6% in the first quarter. Private Advisor Group LLC now owns 48,164 shares of the company’s stock valued at $1,442,000 after acquiring an additional 2,100 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter worth approximately $57,000.

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.