NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,450 shares, a drop of 66.4% from the September 15th total of 4,320 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,611 shares, the days-to-cover ratio is presently 0.9 days.
NYLIM U.S. Large Cap R&D Leaders ETF Price Performance
Shares of LRND traded up $0.02 during midday trading on Tuesday, reaching $48.67. 2,849 shares of the stock were exchanged, compared to its average volume of 47,583. NYLIM U.S. Large Cap R&D Leaders ETF has a twelve month low of $35.87 and a twelve month high of $49.31. The company has a market capitalization of $467.23 million, a price-to-earnings ratio of 23.74 and a beta of 1.10. The business’s 50-day moving average price is $47.05 and its 200 day moving average price is $44.41.
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 given a $0.0439 dividend. This is a drop from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0456. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.18 dividend on an annualized basis and a dividend 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.
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