Short Interest in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Increases By 85.5%

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 679 shares, a growth of 85.5% from the May 14th total of 366 shares. Based on an average daily trading volume, of 361 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.0% of the shares of the company are sold short.

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

NASDAQ:LRND remained flat at $43.65 during midday trading on Monday. 239 shares of the company were exchanged, compared to its average volume of 61,500. NYLI U.S. Large Cap R&D Leaders ETF has a 1-year low of $34.59 and a 1-year high of $46.16. The business has a fifty day moving average price of $42.81 and a two-hundred day moving average price of $40.93. The firm has a market capitalization of $296.82 million, a PE ratio of 23.74 and a beta of 1.10.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 31st were paid a dividend of $0.0383 per share. This represents a $0.15 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, March 31st. This is a positive change from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.02.

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 stake in shares of NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% in 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 period. 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 filing with the SEC.

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.