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

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 67,458 shares, an increase of 993.9% from the June 30th total of 6,167 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 134,002 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of iShares Nasdaq Top 30 Stocks ETF

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in iShares Nasdaq Top 30 Stocks ETF by 13,844.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,363,085 shares of the company’s stock valued at $43,564,000 after buying an additional 1,353,310 shares during the period. LPL Financial LLC boosted its position in iShares Nasdaq Top 30 Stocks ETF by 3.8% during the 4th quarter. LPL Financial LLC now owns 456,978 shares of the company’s stock worth $14,605,000 after acquiring an additional 16,666 shares during the period. Bank of America Corp DE boosted its position in iShares Nasdaq Top 30 Stocks ETF by 264.8% during the 3rd quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock worth $2,421,000 after acquiring an additional 56,532 shares during the period. 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 valued at $2,155,000 after acquiring an additional 20,929 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in iShares Nasdaq Top 30 Stocks ETF during the 1st quarter valued at about $1,871,000.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

Shares of NASDAQ:QTOP traded down $0.49 during trading hours on Friday, hitting $35.80. 201,907 shares of the company’s stock traded hands, compared to its average volume of 196,632. iShares Nasdaq Top 30 Stocks ETF has a 52 week low of $28.42 and a 52 week high of $39.41. The company’s fifty day simple moving average is $37.76 and its two-hundred day simple moving average is $34.28. The company has a market cap of $280.67 million, a price-to-earnings ratio of 33.35 and a beta of 1.38.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The firm also recently announced 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 is a boost from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03. This represents a $0.13 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend 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.