Short Interest in iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Increases By 993.9%

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a large increase in short interest during 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 currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. acquired a new stake in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at about $368,000. Cetera Investment Advisers raised its position in iShares Nasdaq Top 30 Stocks ETF by 26.5% in 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. Diversify Wealth Management LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth $1,871,000. ATX Financial Planning LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth $483,000. Finally, PFG Investments LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at $784,000.

iShares Nasdaq Top 30 Stocks ETF Stock Down 1.4%

QTOP traded down $0.49 during trading on Friday, hitting $35.80. The company’s stock had a trading volume of 201,907 shares, compared to its average volume of 196,632. The stock has a market capitalization of $280.67 million, a price-to-earnings ratio of 33.35 and a beta of 1.38. The firm’s 50 day moving average price is $37.76 and its two-hundred day moving average price is $34.28. iShares Nasdaq Top 30 Stocks ETF has a 12 month low of $28.42 and a 12 month high of $39.41.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

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

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.