LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Sees Significant Growth in Short Interest

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,459 shares, a growth of 1,071.0% from the August 15th total of 210 shares. Based on an average daily trading volume, of 14,526 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

LeaderShares Dynamic Yield ETF Stock Performance

Shares of DYLD traded up $0.02 on Friday, reaching $22.19. The stock had a trading volume of 624 shares, compared to its average volume of 4,097. The firm has a 50-day moving average of $22.30 and a 200 day moving average of $22.41. LeaderShares Dynamic Yield ETF has a twelve month low of $22.16 and a twelve month high of $22.92.

LeaderShares Dynamic Yield ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Friday, July 24th were paid a dividend of $0.062 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, July 24th.

Hedge Funds Weigh In On LeaderShares Dynamic Yield ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Coppell Advisory Solutions LLC purchased a new position in shares of LeaderShares Dynamic Yield ETF during the 2nd quarter worth $216,000. JPMorgan Chase & Co. acquired a new position in LeaderShares Dynamic Yield ETF in the second quarter valued at $231,000. Goldman Sachs Group Inc. lifted its position in LeaderShares Dynamic Yield ETF by 29.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,122 shares of the company’s stock worth $274,000 after buying an additional 2,761 shares during the period. Jane Street Group LLC lifted its position in LeaderShares Dynamic Yield ETF by 97.1% during the fourth quarter. Jane Street Group LLC now owns 26,690 shares of the company’s stock worth $604,000 after buying an additional 13,151 shares during the period. Finally, UBS Group AG boosted its stake in LeaderShares Dynamic Yield ETF by 18.5% in the 3rd quarter. UBS Group AG now owns 47,052 shares of the company’s stock worth $1,069,000 after buying an additional 7,355 shares during the last quarter.

About LeaderShares Dynamic Yield ETF

The LeaderShares Dynamic Yield ETF (DYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified, global fixed income securities that seeks to capture higher yields through a proprietary risk-reward scheme. DYLD was launched on Jun 28, 2021 and is managed by LeaderShares.