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

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the target of a significant decrease in short interest during the month of 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. Based on an average daily volume of 289 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are short sold.

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

A hedge fund recently raised its stake in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC raised its holdings in shares of NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,604,816 shares of the company’s stock after purchasing an additional 1,414,816 shares during the quarter. New York Life Investment Management LLC owned approximately 50.15% of NYLI U.S. Large Cap R&D Leaders ETF worth $65,420,000 as of its most recent filing with the Securities & Exchange Commission.

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

NASDAQ:LRND traded up $0.46 during trading hours on Friday, reaching $44.13. The stock had a trading volume of 644 shares, compared to its average volume of 55,415. The stock has a 50 day simple moving average of $44.40 and a 200 day simple moving average of $41.63. NYLI U.S. Large Cap R&D Leaders ETF has a 12-month low of $35.87 and a 12-month high of $46.16. The stock has a market cap of $392.76 million, a P/E 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 declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.0456 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, June 30th. This is a positive change from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.04.

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.