NYLIM Global Equity R&D Leaders ETF (NASDAQ:WRND) Shares Shorted: Short Interest Up 477.6% in September

NYLIM Global Equity R&D Leaders ETF (NASDAQ:WRND) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,599 shares, a growth of 477.6% from the September 15th total of 450 shares. Based on an average daily volume of 1,301 shares, the short-interest ratio is currently 2.0 days. Currently, 0.9% of the shares of the stock are short sold.

NYLIM Global Equity R&D Leaders ETF Price Performance

NYLIM Global Equity R&D Leaders ETF stock opened at $43.61 on Friday. The company has a market cap of $13.08 million, a price-to-earnings ratio of 16.77 and a beta of 1.00. The firm’s fifty day moving average is $43.11 and its 200 day moving average is $41.47. NYLIM Global Equity R&D Leaders ETF has a 52-week low of $34.38 and a 52-week high of $44.67.

NYLIM Global Equity R&D Leaders ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were issued a $0.0990 dividend. This is a drop from NYLIM Global Equity R&D Leaders ETF’s previous quarterly dividend of $0.1391. The ex-dividend date was Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%.

NYLIM Global Equity R&D Leaders ETF Company Profile

The IQ Global Equity R&D Leaders ETF (WRND) is an exchange-traded fund that is based on the IQ Global Equity R&D Leaders index. The fund tracks an index that seeks to provide exposure to global large- and mid-cap companies that have high research and development spending, and attractive future growth potential. WRND was launched on Feb 8, 2022 and is managed by IndexIQ.