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

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRNDGet Free Report) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 264 shares, a decrease of 83.7% from the June 30th total of 1,621 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 289 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On NYLI U.S. Large Cap R&D Leaders ETF

An institutional investor recently raised its stake in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC boosted its holdings in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRNDFree Report) by 744.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,604,816 shares of the company’s stock after acquiring an additional 1,414,816 shares during the quarter. New York Life Investment Management LLC owned 50.15% of NYLI U.S. Large Cap R&D Leaders ETF worth $65,420,000 at the end of the most recent quarter.

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

Shares of NASDAQ:LRND traded up $0.46 during trading on Friday, reaching $44.13. 644 shares of the stock were exchanged, compared to its average volume of 55,415. NYLI U.S. Large Cap R&D Leaders ETF has a 1-year low of $35.87 and a 1-year high of $46.16. The stock has a fifty day moving average of $44.40 and a two-hundred day moving average of $41.63. The firm 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 firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.0456 per share. 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 was Tuesday, June 30th. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%.

About NYLI U.S. Large Cap R&D Leaders ETF

(Get Free Report)

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.

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