Short Interest in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Drops By 42.4%

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 434 shares, a decrease of 42.4% from the July 30th total of 753 shares. Based on an average daily trading volume, of 2,814 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

NYLI U.S. Large Cap R&D Leaders ETF Trading Up 0.0%

Shares of LRND traded up $0.01 during midday trading on Tuesday, reaching $46.45. 16 shares of the stock were exchanged, compared to its average volume of 51,446. The company has a market capitalization of $413.40 million, a P/E ratio of 23.74 and a beta of 1.10. NYLI U.S. Large Cap R&D Leaders ETF has a 52 week low of $35.87 and a 52 week high of $47.63. The company’s 50 day moving average is $45.17 and its two-hundred day moving average is $42.66.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.0456 per share. This represents a $0.18 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, June 30th. This is a positive change from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.04.

Institutional Inflows and Outflows

A hedge fund recently raised its position in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC lifted 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 firm owned 1,604,816 shares of the company’s stock after purchasing an additional 1,414,816 shares during the period. 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 quarter.

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.