iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Short Interest Update
by Renee Jackson · The Cerbat GemiShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP – Get Free Report) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 150,698 shares, an increase of 732.2% from the March 31st total of 18,108 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 146,531 shares, the days-to-cover ratio is presently 1.0 days.
iShares Nasdaq Top 30 Stocks ETF Stock Performance
iShares Nasdaq Top 30 Stocks ETF stock traded up $0.81 during midday trading on Friday, reaching $35.02. 126,905 shares of the company were exchanged, compared to its average volume of 206,261. The company has a market capitalization of $259.15 million, a price-to-earnings ratio of 33.35 and a beta of 1.16. The firm’s 50-day simple moving average is $31.49 and its 200-day simple moving average is $31.81. iShares Nasdaq Top 30 Stocks ETF has a 1 year low of $23.40 and a 1 year high of $35.02.
iShares Nasdaq Top 30 Stocks ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $0.0302 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, March 17th.
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. Stratos Wealth Advisors LLC grew its holdings in iShares Nasdaq Top 30 Stocks ETF by 1.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 46,548 shares of the company’s stock valued at $1,447,000 after buying an additional 665 shares during the period. EFG International AG purchased a new stake in iShares Nasdaq Top 30 Stocks ETF in the 4th quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at about $48,000. Private Trust Co. NA grew its holdings in iShares Nasdaq Top 30 Stocks ETF by 100.8% in the 3rd quarter. Private Trust Co. NA now owns 4,097 shares of the company’s stock valued at $127,000 after buying an additional 2,057 shares during the period. Finally, Magnolia Capital Advisors LLC grew its holdings in iShares Nasdaq Top 30 Stocks ETF by 22.7% in the 4th quarter. Magnolia Capital Advisors LLC now owns 11,738 shares of the company’s stock valued at $375,000 after buying an additional 2,172 shares during the period.
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.