NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Short Interest Update

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 434 shares, a drop of 42.4% from the July 30th total of 753 shares. Based on an average daily volume of 2,814 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

NYLI U.S. Large Cap R&D Leaders ETF Trading Down 0.3%

Shares of LRND stock traded down $0.13 during trading hours on Monday, reaching $46.45. The stock had a trading volume of 10,114 shares, compared to its average volume of 51,695. The stock’s fifty day simple moving average is $45.12 and its 200 day simple moving average is $42.62. NYLI U.S. Large Cap R&D Leaders ETF has a 12 month low of $35.87 and a 12 month high of $47.63. The firm has a market capitalization of $413.40 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 company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th were paid a $0.0456 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.18 annualized dividend and a yield of 0.4%. This is a boost from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.04.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC increased its holdings in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 50.15% of NYLI U.S. Large Cap R&D Leaders ETF worth $65,420,000 as of its most recent SEC filing.

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.