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

NYLI Global Equity R&D Leaders ETF (NASDAQ:WRND) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 6 shares, a drop of 98.7% from the May 31st total of 445 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 504 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On NYLI Global Equity R&D Leaders ETF

A hedge fund recently raised its stake in NYLI Global Equity R&D Leaders ETF stock. Jane Street Group LLC increased its position in NYLI Global Equity R&D Leaders ETF (NASDAQ:WRND) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 8.21% of NYLI Global Equity R&D Leaders ETF worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

NYLI Global Equity R&D Leaders ETF Price Performance

WRND stock opened at $40.79 on Friday. NYLI Global Equity R&D Leaders ETF has a one year low of $32.43 and a one year high of $43.75. The stock has a market cap of $12.24 million, a PE ratio of 16.77 and a beta of 1.00. The firm has a 50 day simple moving average of $41.62 and a two-hundred day simple moving average of $39.05.

NYLI Global Equity R&D Leaders ETF Cuts Dividend

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

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.