NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Short Interest Down 42.4% in August

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 434 shares, a decline of 42.4% from the July 30th total of 753 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,814 shares, the short-interest ratio is presently 0.2 days.

NYLI U.S. Large Cap R&D Leaders ETF Price Performance

Shares of NASDAQ LRND traded down $0.32 on Friday, hitting $46.58. The company’s stock had a trading volume of 146 shares, compared to its average volume of 52,008. The stock has a 50 day moving average of $45.12 and a 200-day moving average of $42.60. The company has a market capitalization of $414.56 million, a price-to-earnings ratio of 23.74 and a beta of 1.10. NYLI U.S. Large Cap R&D Leaders ETF has a 12-month low of $35.87 and a 12-month high of $47.63.

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

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

Hedge Funds Weigh In On NYLI U.S. Large Cap R&D Leaders ETF

An institutional investor recently raised its stake in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC grew its stake in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,604,816 shares of the company’s stock after acquiring an additional 1,414,816 shares during the quarter. New York Life Investment Management LLC owned about 50.15% of NYLI U.S. Large Cap R&D Leaders ETF worth $65,420,000 at the end of the most recent quarter.

NYLI 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.