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

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

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

LRND stock traded up $0.21 during midday trading on Friday, hitting $48.00. 844 shares of the company’s stock were exchanged, compared to its average volume of 50,624. The stock’s fifty day moving average price is $46.15 and its 200-day moving average price is $43.60. The company has a market cap of $460.80 million, a PE ratio of 23.74 and a beta of 1.10. NYLIM U.S. Large Cap R&D Leaders ETF has a one year low of $35.87 and a one year high of $48.25.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were given a dividend of $0.0456 per share. This is an increase from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0383. 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.

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.