NYLI Global Equity R&D Leaders ETF (NASDAQ:WRND) Sees Large Decrease in Short Interest

NYLI Global Equity R&D Leaders ETF (NASDAQ:WRNDGet Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 445 shares, a decrease of 71.0% from the May 14th total of 1,533 shares. Based on an average daily trading volume, of 803 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NYLI Global Equity R&D Leaders ETF stock. Jane Street Group LLC lifted its stake in NYLI Global Equity R&D Leaders ETF (NASDAQ:WRNDFree Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,059 shares of the company’s stock after acquiring an additional 1,099 shares during the period. Jane Street Group LLC owned 8.21% of NYLI Global Equity R&D Leaders ETF worth $533,000 at the end of the most recent quarter.

NYLI Global Equity R&D Leaders ETF Price Performance

Shares of WRND stock traded down $0.16 during mid-day trading on Friday, hitting $41.55. The stock had a trading volume of 49 shares, compared to its average volume of 782. NYLI Global Equity R&D Leaders ETF has a 12-month low of $31.32 and a 12-month high of $43.75. The firm has a market capitalization of $12.46 million, a P/E ratio of 16.77 and a beta of 1.00. The firm’s 50-day moving average is $40.79 and its two-hundred day moving average is $38.71.

NYLI Global Equity R&D Leaders ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 31st were given a $0.0511 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 31st.

About NYLI Global Equity R&D Leaders ETF

(Get Free Report)

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.

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