iShares Nasdaq-100 ex Top 30 ETF (NASDAQ:QNXT) Sees Large Growth in Short Interest

iShares Nasdaq-100 ex Top 30 ETF (NASDAQ:QNXT – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 8,162 shares, an increase of 1,425.6% from the October 15th total of 535 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 3,960 shares, the days-to-cover ratio is currently 2.1 days.

iShares Nasdaq-100 ex Top 30 ETF Trading Down 0.9%

QNXT stock traded down $0.28 during mid-day trading on Tuesday, hitting $30.38. 1,508 shares of the company were exchanged, compared to its average volume of 3,606. The business has a 50 day simple moving average of $30.87 and a 200-day simple moving average of $29.76. The stock has a market capitalization of $27.34 million, a PE ratio of 25.29 and a beta of 1.10. iShares Nasdaq-100 ex Top 30 ETF has a 1-year low of $25.51 and a 1-year high of $32.59.

iShares Nasdaq-100 ex Top 30 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.0504 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. This is a decrease from iShares Nasdaq-100 ex Top 30 ETF’s previous quarterly dividend of $0.0524. The ex-dividend date was Tuesday, September 15th.

iShares Nasdaq-100 ex Top 30 ETF Company Profile

(Get Free Report)

The iShares Nasdaq-100 ex Top 30 ETF (QNXT) is an exchange-traded fund that is based on the Nasdaq-100 ex Top 30 index. The fund seeks to follow an index of the 31st to 100th largest Nasdaq-100 Index companies by market-cap. The funds holdings are weighted by market-cap QNXT was launched on Oct 23, 2024 and is issued by BlackRock.

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