iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Update

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 89,609 shares, a drop of 41.3% from the April 30th total of 152,711 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 221,558 shares, the short-interest ratio is presently 0.4 days.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

Shares of NASDAQ QTOP opened at $39.08 on Tuesday. iShares Nasdaq Top 30 Stocks ETF has a fifty-two week low of $26.43 and a fifty-two week high of $39.33. The firm has a market capitalization of $290.76 million, a PE ratio of 33.35 and a beta of 1.33. The stock’s 50-day simple moving average is $34.44 and its 200-day simple moving average is $32.72.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.0302 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several hedge funds and other institutional investors have recently made changes to their positions in QTOP. Jane Street Group LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth about $797,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 2nd quarter worth about $48,000. Diversify Advisory Services LLC raised its position in shares of iShares Nasdaq Top 30 Stocks ETF by 35.0% during the 2nd quarter. Diversify Advisory Services LLC now owns 46,164 shares of the company’s stock worth $1,393,000 after acquiring an additional 11,973 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 2nd quarter worth about $603,000. Finally, Stratos Wealth Advisors LLC raised its position in shares of iShares Nasdaq Top 30 Stocks ETF by 1.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 46,548 shares of the company’s stock worth $1,447,000 after acquiring an additional 665 shares in the last quarter.

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.