iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Sees Significant Drop in Short Interest

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 6,167 shares, a drop of 89.8% from the June 15th total of 60,241 shares. Based on an average daily trading volume, of 150,412 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

A number of large investors have recently bought and sold shares of QTOP. Diversify Advisory Services LLC grew its stake in iShares Nasdaq Top 30 Stocks ETF by 45.7% during the 4th quarter. Diversify Advisory Services LLC now owns 66,685 shares of the company’s stock worth $2,155,000 after buying an additional 20,929 shares during the last quarter. ATX Financial Planning LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter worth about $483,000. PFG Investments LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at about $784,000. Cetera Investment Advisers boosted its stake 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 valued at $815,000 after purchasing an additional 5,699 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at approximately $1,871,000.

iShares Nasdaq Top 30 Stocks ETF Stock Up 0.6%

Shares of QTOP traded up $0.23 during mid-day trading on Friday, hitting $38.14. The stock had a trading volume of 111,793 shares, compared to its average volume of 199,636. iShares Nasdaq Top 30 Stocks ETF has a fifty-two week low of $28.23 and a fifty-two week high of $39.41. The company has a market cap of $292.92 million, a PE ratio of 33.35 and a beta of 1.38. The company’s fifty day simple moving average is $37.80 and its two-hundred day simple moving average is $33.95.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

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

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.