NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Stock Short Interest Jumps 122.5%

NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 3,226 shares, a growth of 122.5% from the September 30th total of 1,450 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 46,371 shares, the days-to-cover ratio is presently 0.1 days.

NYLIM U.S. Large Cap R&D Leaders ETF Trading Down 2.8%

NASDAQ LRND traded down $1.27 during trading hours on Friday, reaching $44.74. 275 shares of the company’s stock were exchanged, compared to its average volume of 47,054. The firm has a fifty day moving average of $47.04 and a 200-day moving average of $43.42. NYLIM U.S. Large Cap R&D Leaders ETF has a one year low of $35.87 and a one year high of $49.31. The stock has a market cap of $420.56 million, a PE ratio of 23.74 and a beta of 1.10.

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

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

NYLIM 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.