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

NYLI Global Equity R&D Leaders ETF (NASDAQ:WRND) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 445 shares, a decrease of 71.0% from the May 14th total of 1,533 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 803 shares, the days-to-cover ratio is currently 0.6 days.

NYLI Global Equity R&D Leaders ETF Price Performance

NYLI Global Equity R&D Leaders ETF stock remained flat at $40.55 during trading hours on Thursday. 302 shares of the company’s stock traded hands, compared to its average volume of 765. The firm has a market capitalization of $12.17 million, a price-to-earnings ratio of 16.77 and a beta of 1.00. The company’s fifty day moving average is $40.57 and its two-hundred day moving average is $38.64. NYLI Global Equity R&D Leaders ETF has a 1 year low of $31.32 and a 1 year high of $43.75.

NYLI Global Equity R&D Leaders ETF Cuts Dividend

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

Institutional Inflows and Outflows

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

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.