Short Interest in iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Increases By 291.0%

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 101,940 shares, a growth of 291.0% from the January 29th total of 26,070 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 417,068 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 417,068 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.2% of the shares of the company are short sold.

iShares Nasdaq Top 30 Stocks ETF Price Performance

NASDAQ QTOP opened at $31.44 on Friday. iShares Nasdaq Top 30 Stocks ETF has a 1 year low of $20.33 and a 1 year high of $33.24. The company has a market capitalization of $270.38 million, a PE ratio of 33.35 and a beta of 1.34. The company has a fifty day moving average of $31.99 and a 200 day moving average of $31.45.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $0.0315 dividend. This is a boost from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.13 annualized dividend and a dividend yield of 0.4%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in iShares Nasdaq Top 30 Stocks ETF by 13,844.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,363,085 shares of the company’s stock worth $43,564,000 after purchasing an additional 1,353,310 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new stake in iShares Nasdaq Top 30 Stocks ETF during the second quarter worth $8,391,000. Bank of America Corp DE boosted its holdings in iShares Nasdaq Top 30 Stocks ETF by 264.8% during the third quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock worth $2,421,000 after buying an additional 56,532 shares in the last quarter. Jane Street Group LLC acquired a new stake in iShares Nasdaq Top 30 Stocks ETF during the first quarter valued at $797,000. Finally, Private Advisor Group LLC increased its holdings in iShares Nasdaq Top 30 Stocks ETF by 261.3% in the third quarter. Private Advisor Group LLC now owns 42,418 shares of the company’s stock valued at $1,319,000 after buying an additional 30,678 shares in the last quarter.

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.