IQ U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Short Interest Down 80.0% in August

IQ U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 100 shares, a decrease of 80.0% from the July 31st total of 500 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 0.5 days.

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

LRND stock traded down $0.01 during trading on Tuesday, reaching $32.40. The company had a trading volume of 3 shares, compared to its average volume of 650. IQ U.S. Large Cap R&D Leaders ETF has a 52 week low of $24.01 and a 52 week high of $34.05. The business has a 50 day moving average of $32.47 and a 200 day moving average of $31.49. The company has a market cap of $6.48 million, a P/E ratio of 29.66 and a beta of 1.07.

IQ U.S. Large Cap R&D Leaders ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 28th were given a $0.0792 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, June 28th.

IQ U.S. Large Cap R&D Leaders ETF Company Profile

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.