iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Sees Large Growth in Short Interest

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) was the target of a large increase in short interest in the month of 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. Approximately 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 146,531 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

A number of hedge funds have recently made changes to their positions in QTOP. Goldman Sachs Group Inc. increased its position in shares of iShares Nasdaq Top 30 Stocks ETF by 13,844.6% during 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. LPL Financial LLC increased its position in shares of iShares Nasdaq Top 30 Stocks ETF by 3.8% during the 4th quarter. LPL Financial LLC now owns 456,978 shares of the company’s stock worth $14,605,000 after purchasing an additional 16,666 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in shares of iShares Nasdaq Top 30 Stocks ETF by 23.3% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 366,243 shares of the company’s stock worth $11,386,000 after purchasing an additional 69,197 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares Nasdaq Top 30 Stocks ETF by 264.8% during the 3rd quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock worth $2,421,000 after purchasing an additional 56,532 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in shares of iShares Nasdaq Top 30 Stocks ETF by 45.7% during the 4th quarter. Diversify Advisory Services LLC now owns 66,685 shares of the company’s stock worth $2,155,000 after purchasing an additional 20,929 shares in the last quarter.

iShares Nasdaq Top 30 Stocks ETF Stock Up 2.4%

iShares Nasdaq Top 30 Stocks ETF stock traded up $0.81 during mid-day trading on Friday, reaching $35.02. The company had a trading volume of 126,905 shares, compared to its average volume of 206,261. iShares Nasdaq Top 30 Stocks ETF has a 52 week low of $23.40 and a 52 week high of $35.02. The company has a 50 day moving average of $31.41 and a 200-day moving average of $31.78. The firm has a market cap of $259.15 million, a price-to-earnings ratio of 33.35 and a beta of 1.16.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a $0.0302 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%.

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.