iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Stock Short Interest Report for October

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a significant decrease in short interest in 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. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 240,039 shares, the short-interest ratio is presently 0.2 days.

iShares Nasdaq Top 30 Stocks ETF Trading Down 3.9%

iShares Nasdaq Top 30 Stocks ETF stock traded down $1.44 during midday trading on Friday, hitting $35.87. 395,283 shares of the stock were exchanged, compared to its average volume of 182,615. The stock’s 50-day simple moving average is $38.06 and its 200 day simple moving average is $35.52. iShares Nasdaq Top 30 Stocks ETF has a fifty-two week low of $28.71 and a fifty-two week high of $40.50. The stock has a market capitalization of $332.87 million, a price-to-earnings ratio of 33.35 and a beta of 1.38.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $0.0281 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a decrease from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.0337.

Institutional Trading of iShares Nasdaq Top 30 Stocks ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. grew its position in iShares Nasdaq Top 30 Stocks ETF by 23.0% during the third quarter. TD Waterhouse Canada Inc. now owns 1,909 shares of the company’s stock worth $75,000 after buying an additional 357 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter valued at $57,000. Private Advisor Group LLC lifted its position in iShares Nasdaq Top 30 Stocks ETF by 4.6% during the first quarter. Private Advisor Group LLC now owns 48,164 shares of the company’s stock valued at $1,442,000 after buying an additional 2,100 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 26.5% during the first quarter. Cetera Investment Advisers now owns 27,238 shares of the company’s stock worth $815,000 after purchasing an additional 5,699 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at approximately $368,000.

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.