iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Down 79.0% in March

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,776 shares, a decline of 79.0% from the February 26th total of 56,180 shares. Based on an average daily trading volume, of 133,912 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 133,912 shares, the days-to-cover ratio is currently 0.1 days.

iShares Nasdaq Top 30 Stocks ETF Stock Down 0.7%

NASDAQ:QTOP opened at $30.31 on Wednesday. The company has a market cap of $260.67 million, a PE ratio of 33.35 and a beta of 1.34. The business’s 50 day moving average is $31.54 and its two-hundred day moving average is $31.63. iShares Nasdaq Top 30 Stocks ETF has a 52 week low of $20.33 and a 52 week high of $33.24.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a dividend of $0.0302 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.12 annualized dividend and a yield of 0.4%.

Institutional Trading of iShares Nasdaq Top 30 Stocks ETF

Several institutional investors have recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC grew its position in iShares Nasdaq Top 30 Stocks ETF by 23.3% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 366,243 shares of the company’s stock valued at $11,386,000 after buying an additional 69,197 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 1.4% during the third quarter. Stratos Wealth Advisors LLC now owns 46,548 shares of the company’s stock valued at $1,447,000 after acquiring an additional 665 shares during the period. Private Trust Co. NA raised its holdings in iShares Nasdaq Top 30 Stocks ETF by 100.8% during the third quarter. Private Trust Co. NA now owns 4,097 shares of the company’s stock worth $127,000 after purchasing an additional 2,057 shares in the last quarter. Cetera Investment Advisers lifted its position in iShares Nasdaq Top 30 Stocks ETF by 105.9% in the fourth quarter. Cetera Investment Advisers now owns 21,539 shares of the company’s stock worth $688,000 after purchasing an additional 11,077 shares during the period. Finally, Bank of America Corp DE acquired a new stake in iShares Nasdaq Top 30 Stocks ETF in the second quarter worth approximately $603,000.

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.