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

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 753 shares, an increase of 185.2% from the July 15th total of 264 shares. Based on an average daily trading volume, of 72,136 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

NYLI U.S. Large Cap R&D Leaders ETF Stock Down 0.9%

Shares of NASDAQ LRND opened at $47.01 on Friday. The firm’s 50-day moving average price is $44.68 and its two-hundred day moving average price is $42.20. NYLI U.S. Large Cap R&D Leaders ETF has a 52-week low of $35.87 and a 52-week high of $47.63. The stock has a market capitalization of $418.39 million, a P/E ratio of 23.74 and a beta of 1.10.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were issued a $0.0456 dividend. This is a positive change from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.18 annualized dividend and a dividend yield of 0.4%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC raised its stake in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,604,816 shares of the company’s stock after buying an additional 1,414,816 shares during the quarter. New York Life Investment Management LLC owned approximately 50.15% of NYLI U.S. Large Cap R&D Leaders ETF worth $65,420,000 as of its most recent SEC filing.

About NYLI 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.