iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Stock Short Interest Declines 47.3%

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 43,932 shares, a decrease of 47.3% from the September 30th total of 83,358 shares. Based on an average daily volume of 240,039 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company’s stock are short sold.

iShares Nasdaq Top 30 Stocks ETF Price Performance

Shares of NASDAQ QTOP traded down $1.44 during midday trading on Friday, hitting $35.87. 395,283 shares of the company’s stock were exchanged, compared to its average volume of 182,615. 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 $332.87 million, a P/E ratio of 33.35 and a beta of 1.38. The stock’s 50 day moving average price is $38.06 and its 200-day moving average price is $35.52.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a $0.0281 dividend. This is a negative change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.0337. This represents a $0.11 annualized dividend and a 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

Large investors have recently added to or reduced their stakes in the company. Diversify Advisory Services LLC grew its position in iShares Nasdaq Top 30 Stocks ETF by 24.8% during the 3rd quarter. Diversify Advisory Services LLC now owns 91,785 shares of the company’s stock worth $3,509,000 after acquiring an additional 18,236 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in iShares Nasdaq Top 30 Stocks ETF by 23.0% in the third quarter. TD Waterhouse Canada Inc. now owns 1,909 shares of the company’s stock valued at $75,000 after acquiring an additional 357 shares during the period. Citadel Advisors LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at about $2,336,000. Mascagni Wealth Management Inc. bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at $368,000. Finally, Cetera Investment Advisers lifted its holdings in iShares Nasdaq Top 30 Stocks ETF by 26.5% during the 1st 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 last quarter.

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.