NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Sees Significant Decrease in Short Interest

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

Hedge Funds 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 boosted its position 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 acquiring 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 reporting period.

NYLI U.S. Large Cap R&D Leaders ETF Stock Performance

LRND stock traded down $0.32 during trading on Friday, hitting $46.58. The stock had a trading volume of 146 shares, compared to its average volume of 52,008. The stock has a market cap of $414.56 million, a price-to-earnings ratio of 23.74 and a beta of 1.10. The company’s 50 day moving average price is $45.12 and its two-hundred day moving average price is $42.60. NYLI U.S. Large Cap R&D Leaders ETF has a 1-year low of $35.87 and a 1-year high of $47.63.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were given a $0.0456 dividend. This is a boost from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, June 30th.

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.