NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Short Interest Down 41.0% in August

NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 15,660 shares, a drop of 41.0% from the August 15th total of 26,550 shares. Based on an average daily volume of 15,066 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On NYLIM Candriam U.S. Large Cap Equity ETF

A hedge fund recently raised its stake in NYLIM Candriam U.S. Large Cap Equity ETF stock. Paul R. Ried Financial Group LLC raised its stake in shares of NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,647 shares of the company’s stock after buying an additional 1,107 shares during the period. NYLIM Candriam U.S. Large Cap Equity ETF comprises about 0.4% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Paul R. Ried Financial Group LLC owned 0.34% of NYLIM Candriam U.S. Large Cap Equity ETF worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

NYLIM Candriam U.S. Large Cap Equity ETF Trading Down 0.4%

Shares of NYSEARCA IQSU traded down $0.24 during midday trading on Friday, reaching $62.22. The company’s stock had a trading volume of 1,596 shares, compared to its average volume of 13,182. The company has a market cap of $373.25 million, a price-to-earnings ratio of 26.80 and a beta of 1.06. NYLIM Candriam U.S. Large Cap Equity ETF has a one year low of $49.82 and a one year high of $63.47. The company has a 50 day moving average price of $62.11 and a 200 day moving average price of $59.13.

NYLIM Candriam U.S. Large Cap Equity ETF Company Profile

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.