NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,226 shares, a growth 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 trading volume, of 46,371 shares, the days-to-cover ratio is currently 0.1 days.
NYLIM U.S. Large Cap R&D Leaders ETF Stock Down 2.8%
NASDAQ LRND traded down $1.27 during trading hours on Friday, reaching $44.74. 275 shares of the company were exchanged, compared to its average volume of 47,054. NYLIM U.S. Large Cap R&D Leaders ETF has a 1 year low of $35.87 and a 1 year high of $49.31. The business’s 50 day simple moving average is $47.04 and its 200-day simple moving average is $43.42. The stock has a market capitalization of $420.56 million, a P/E ratio of 23.74 and a beta of 1.10.
NYLIM U.S. Large Cap R&D Leaders ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.0439 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.4%. 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.
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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