NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Sees Large Increase in Short Interest

NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,320 shares, a growth of 757.1% from the August 31st total of 504 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 70,819 shares, the days-to-cover ratio is presently 0.1 days.

NYLIM U.S. Large Cap R&D Leaders ETF Trading Up 0.5%

LRND traded up $0.22 during mid-day trading on Thursday, hitting $47.79. 1,650 shares of the stock were exchanged, compared to its average volume of 50,896. The firm’s fifty day moving average is $46.08 and its two-hundred day moving average is $43.57. NYLIM U.S. Large Cap R&D Leaders ETF has a 1-year low of $35.87 and a 1-year high of $48.25. The company has a market cap of $458.78 million, a PE ratio of 23.74 and a beta of 1.10.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were paid a $0.0456 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0383. This represents a $0.18 annualized dividend and a dividend yield of 0.4%.

About NYLIM 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.