Short Interest in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Rises By 85.5%

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 679 shares, a growth of 85.5% from the May 14th total of 366 shares. Based on an average daily trading volume, of 361 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On NYLI U.S. Large Cap R&D Leaders ETF

An institutional investor recently raised its position in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC increased its holdings in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,604,816 shares of the company’s stock after buying an additional 1,414,816 shares during the quarter. New York Life Investment Management LLC owned about 50.15% of NYLI U.S. Large Cap R&D Leaders ETF worth $65,420,000 at the end of the most recent reporting period.

NYLI U.S. Large Cap R&D Leaders ETF Price Performance

NASDAQ LRND traded down $0.37 during trading hours on Tuesday, hitting $44.29. The company’s stock had a trading volume of 250 shares, compared to its average volume of 60,424. NYLI U.S. Large Cap R&D Leaders ETF has a 12 month low of $34.59 and a 12 month high of $46.16. The company’s 50 day simple moving average is $43.09 and its two-hundred day simple moving average is $40.99. The company has a market cap of $301.17 million, a P/E ratio of 23.74 and a beta of 1.10.

NYLI U.S. Large Cap R&D Leaders ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 31st were issued a $0.0383 dividend. This represents a $0.15 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, March 31st. This is a positive change from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.02.

NYLI U.S. Large Cap R&D Leaders ETF Company Profile

The IQ U.S. Large Cap R&D Leaders ETF (LRND) is an exchange-traded fund that is based on the IQ U.S. Large Cap R&D Leaders index. The fund tracks an index of 100 large-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending. LRND was launched on Feb 8, 2022 and is managed by IndexIQ.