NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Stock Short Interest Climbs 122.5%

NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,226 shares, an increase of 122.5% from the September 30th total of 1,450 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 46,371 shares, the short-interest ratio is presently 0.1 days.

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

NASDAQ LRND traded down $1.27 during trading hours on Friday, reaching $44.74. The company’s stock had a trading volume of 275 shares, compared to its average volume of 47,054. NYLIM U.S. Large Cap R&D Leaders ETF has a fifty-two week low of $35.87 and a fifty-two week high of $49.31. The stock has a market cap of $420.56 million, a PE ratio of 23.74 and a beta of 1.10. The company’s 50-day moving average is $47.06 and its two-hundred day moving average is $43.40.

NYLIM U.S. Large Cap R&D Leaders ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were issued a $0.0439 dividend. The ex-dividend date was Wednesday, September 30th. This is a decrease from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0456. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%.

About NYLIM 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.