NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Short Interest Up 85.5% in May

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 short sold.

Institutional Investors 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% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,604,816 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

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

NYLI U.S. Large Cap R&D Leaders ETF stock remained flat at $43.65 on Monday. The company’s stock had a trading volume of 239 shares, compared to its average volume of 61,500. The company’s fifty day moving average is $42.81 and its two-hundred day moving average is $40.93. The stock has a market capitalization of $296.82 million, a P/E ratio of 23.74 and a beta of 1.10. NYLI U.S. Large Cap R&D Leaders ETF has a one year low of $34.59 and a one year high of $46.16.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 31st were issued a $0.0383 dividend. This is a positive change from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.02. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, March 31st.

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.