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

NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,226 shares, an increase of 122.5% from the September 30th total of 1,450 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 46,371 shares, the short-interest ratio is presently 0.1 days.

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

Shares of LRND traded down $1.27 during midday trading on Friday, hitting $44.74. 275 shares of the company’s stock traded hands, compared to its average volume of 47,054. The stock has a market capitalization of $420.56 million, a price-to-earnings ratio of 23.74 and a beta of 1.10. NYLIM U.S. Large Cap R&D Leaders ETF has a 1 year low of $35.87 and a 1 year high of $49.31. The firm’s fifty day moving average is $47.06 and its 200-day moving average is $43.40.

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. Investors of record on Wednesday, September 30th were paid a dividend of $0.0439 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.18 annualized dividend and a yield of 0.4%. This is a drop from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0456.

About NYLIM 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.