NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Sees Large Decline in Short Interest

NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 8,101 shares, a decline of 56.5% from the September 15th total of 18,605 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,302 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of NYLIM Candriam U.S. Large Cap Equity ETF

An institutional investor recently raised its position in NYLIM Candriam U.S. Large Cap Equity ETF stock. Paul R. Ried Financial Group LLC increased its position in shares of NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,893 shares of the company’s stock after purchasing an additional 3,246 shares during the quarter. NYLIM Candriam U.S. Large Cap Equity ETF makes up approximately 0.4% of Paul R. Ried Financial Group LLC’s holdings, making the stock its 21st biggest holding. Paul R. Ried Financial Group LLC owned approximately 0.34% of NYLIM Candriam U.S. Large Cap Equity ETF worth $967,000 at the end of the most recent reporting period.

NYLIM Candriam U.S. Large Cap Equity ETF Stock Up 0.5%

Shares of IQSU stock traded up $0.33 during trading hours on Thursday, reaching $63.13. 75,321 shares of the company’s stock were exchanged, compared to its average volume of 12,538. The stock has a market capitalization of $353.53 million, a P/E ratio of 26.80 and a beta of 1.06. NYLIM Candriam U.S. Large Cap Equity ETF has a fifty-two week low of $49.82 and a fifty-two week high of $64.00. The business has a fifty day moving average price of $62.82 and a 200-day moving average price of $60.62.

About NYLIM Candriam U.S. Large Cap Equity ETF

The IQ Candriam ESG US Equity ETF (IQSU) is an exchange-traded fund that is based on the IQ Candriam ESG US Equity index. The fund tracks a proprietary index of large-cap US stocks selected by ESG criteria and weighted by market capitalization. IQSU was launched on Dec 17, 2019 and is managed by IndexIQ.