iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Sees Significant Drop in Short Interest

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 20,397 shares, a decline of 46.1% from the November 30th total of 37,857 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 121,105 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 121,105 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several hedge funds and other institutional investors have recently bought and sold shares of QTOP. Magnolia Capital Advisors LLC acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at about $270,000. Stratos Wealth Advisors LLC increased its holdings in iShares Nasdaq Top 30 Stocks ETF by 46.5% in the second quarter. Stratos Wealth Advisors LLC now owns 45,883 shares of the company’s stock worth $1,296,000 after purchasing an additional 14,565 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF in the second quarter worth approximately $8,391,000. Bank of America Corp DE lifted its stake in iShares Nasdaq Top 30 Stocks ETF by 264.8% in the third quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock valued at $2,421,000 after buying an additional 56,532 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 100.8% during the 3rd quarter. Private Trust Co. NA now owns 4,097 shares of the company’s stock worth $127,000 after buying an additional 2,057 shares in the last quarter.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

NASDAQ:QTOP opened at $32.46 on Friday. iShares Nasdaq Top 30 Stocks ETF has a fifty-two week low of $20.33 and a fifty-two week high of $33.24. The company has a 50 day simple moving average of $32.01 and a two-hundred day simple moving average of $30.33. The company has a market capitalization of $216.83 million, a PE ratio of 33.35 and a beta of 1.34.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.0315 per share. This represents a $0.13 annualized dividend 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 Tuesday, December 16th.

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.