NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Short Interest Update

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 753 shares, a growth of 185.2% from the July 15th total of 264 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,136 shares, the short-interest ratio is presently 0.0 days.

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

A hedge fund recently raised its stake in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC increased its position in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,604,816 shares of the company’s stock after buying 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 as of its most recent SEC filing.

NYLI U.S. Large Cap R&D Leaders ETF Trading Down 0.9%

Shares of NASDAQ LRND traded down $0.42 during trading on Friday, reaching $47.01. The company had a trading volume of 388 shares, compared to its average volume of 50,248. NYLI U.S. Large Cap R&D Leaders ETF has a twelve month low of $35.87 and a twelve month high of $47.63. The stock has a 50-day moving average price of $44.68 and a two-hundred day moving average price of $42.20. The stock has a market capitalization of $418.39 million, a PE ratio of 23.74 and a beta of 1.10.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were paid a $0.0456 dividend. This represents a $0.18 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend 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.

About NYLI U.S. Large Cap R&D Leaders ETF

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.