Short Interest in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Declines By 83.7%

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 264 shares, a drop of 83.7% from the June 30th total of 1,621 shares. Based on an average daily volume of 289 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC grew its position in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,604,816 shares of the company’s stock after purchasing an additional 1,414,816 shares during the period. 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 reporting period.

NYLI U.S. Large Cap R&D Leaders ETF Stock Up 1.1%

NASDAQ LRND traded up $0.46 on Friday, reaching $44.13. The company had a trading volume of 644 shares, compared to its average volume of 55,415. NYLI U.S. Large Cap R&D Leaders ETF has a 52 week low of $35.87 and a 52 week high of $46.16. The stock’s 50 day moving average is $44.40 and its 200-day moving average is $41.64. The stock has a market cap of $392.76 million, a price-to-earnings 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. Stockholders of record on Tuesday, June 30th were paid a $0.0456 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 0.4%.

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.