NYLI Global Equity R&D Leaders ETF (NASDAQ:WRND) Sees Large Decline in Short Interest

NYLI Global Equity R&D Leaders ETF (NASDAQ:WRND) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 445 shares, a drop of 71.0% from the May 14th total of 1,533 shares. Based on an average daily trading volume, of 803 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

NYLI Global Equity R&D Leaders ETF Price Performance

NASDAQ:WRND remained flat at $40.55 during midday trading on Thursday. 302 shares of the company were exchanged, compared to its average volume of 765. NYLI Global Equity R&D Leaders ETF has a 1-year low of $31.32 and a 1-year high of $43.75. The business has a fifty day moving average price of $40.57 and a two-hundred day moving average price of $38.64. The firm has a market capitalization of $12.17 million, a PE ratio of 16.77 and a beta of 1.00.

NYLI Global Equity R&D Leaders ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 31st were paid a $0.0511 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NYLI Global Equity R&D Leaders ETF stock. Jane Street Group LLC boosted its position in NYLI Global Equity R&D Leaders ETF (NASDAQ:WRND) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,059 shares of the company’s stock after buying an additional 1,099 shares during the quarter. Jane Street Group LLC owned approximately 8.21% of NYLI Global Equity R&D Leaders ETF worth $533,000 at the end of the most recent reporting period.

About NYLI Global Equity R&D Leaders ETF

The IQ Global Equity R&D Leaders ETF (WRND) is an exchange-traded fund that is based on the IQ Global Equity R&D Leaders index. The fund tracks an index that seeks to provide exposure to global large- and mid-cap companies that have high research and development spending, and attractive future growth potential. WRND was launched on Feb 8, 2022 and is managed by IndexIQ.