NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,320 shares, a growth of 757.1% from the August 31st total of 504 shares. Based on an average daily volume of 70,819 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
NYLIM U.S. Large Cap R&D Leaders ETF Price Performance
Shares of LRND remained flat at $47.79 during mid-day trading on Friday. The stock had a trading volume of 1,650 shares, compared to its average volume of 50,896. The stock has a market capitalization of $458.78 million, a P/E ratio of 23.74 and a beta of 1.10. The stock’s 50 day moving average is $46.08 and its 200-day moving average is $43.57. NYLIM U.S. Large Cap R&D Leaders ETF has a 12-month low of $35.87 and a 12-month high of $48.25.
NYLIM U.S. Large Cap R&D Leaders ETF Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th were issued a $0.0456 dividend. This represents a $0.18 annualized dividend and a yield of 0.4%. This is a positive change from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0383. The ex-dividend date of this dividend was Tuesday, June 30th.
NYLIM 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.
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