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

NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,450 shares, a drop of 66.4% from the September 15th total of 4,320 shares. Based on an average daily volume of 1,611 shares, the short-interest ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are short sold.

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

Shares of LRND stock traded down $0.96 during mid-day trading on Wednesday, hitting $47.74. The company’s stock had a trading volume of 262 shares, compared to its average volume of 47,343. NYLIM U.S. Large Cap R&D Leaders ETF has a 52-week low of $35.87 and a 52-week high of $49.31. The business has a 50-day moving average price of $47.10 and a 200 day moving average price of $44.56. The stock has a market cap of $458.30 million, a price-to-earnings ratio of 23.74 and a beta of 1.10.

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

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.0439 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.18 annualized dividend and a yield of 0.4%. This is a decrease from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0456.

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.