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

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 679 shares, a growth of 85.5% from the May 14th total of 366 shares. Based on an average daily volume of 361 shares, the short-interest ratio is currently 1.9 days. Approximately 0.0% of the shares of the stock are sold short.

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

NYLI U.S. Large Cap R&D Leaders ETF stock opened at $44.29 on Wednesday. NYLI U.S. Large Cap R&D Leaders ETF has a fifty-two week low of $34.59 and a fifty-two week high of $46.16. The firm has a market capitalization of $301.17 million, a price-to-earnings ratio of 23.74 and a beta of 1.10. The stock’s fifty day moving average is $43.09 and its two-hundred day moving average is $40.99.

NYLI U.S. Large Cap R&D Leaders ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 31st were paid a $0.0383 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On NYLI U.S. Large Cap R&D Leaders ETF

An institutional investor recently raised its position in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC grew its stake in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 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 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.