NYLIM Global Equity R&D Leaders ETF (NASDAQ:WRND) Stock Short Interest Climbs 477.6%

NYLIM Global Equity R&D Leaders ETF (NASDAQ:WRND) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,599 shares, a growth of 477.6% from the September 15th total of 450 shares. Based on an average daily volume of 1,301 shares, the short-interest ratio is currently 2.0 days. Currently, 0.9% of the shares of the company are sold short.

NYLIM Global Equity R&D Leaders ETF Trading Up 0.9%

NASDAQ:WRND traded up $0.41 on Friday, hitting $44.02. The company’s stock had a trading volume of 51 shares, compared to its average volume of 663. The stock has a fifty day moving average of $43.11 and a two-hundred day moving average of $41.51. The firm has a market capitalization of $13.20 million, a P/E ratio of 16.77 and a beta of 1.00. NYLIM Global Equity R&D Leaders ETF has a one year low of $34.38 and a one year high of $44.67.

NYLIM Global Equity R&D Leaders ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.0990 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. This is a decrease from NYLIM Global Equity R&D Leaders ETF’s previous quarterly dividend of $0.1391.

About NYLIM Global Equity R&D Leaders ETF

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.