Short Interest in Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Rises By 100.7%

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 9,064 shares, an increase of 100.7% from the February 12th total of 4,516 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 6,404 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 6,404 shares, the short-interest ratio is presently 1.4 days. Approximately 1.1% of the company’s stock are sold short.

Leatherback Long/Short Alternative Yield ETF Stock Performance

Leatherback Long/Short Alternative Yield ETF stock traded up $0.14 during midday trading on Thursday, hitting $27.32. 1,344 shares of the company’s stock were exchanged, compared to its average volume of 9,451. Leatherback Long/Short Alternative Yield ETF has a 12-month low of $23.15 and a 12-month high of $29.03. The firm’s 50 day simple moving average is $26.59 and its 200 day simple moving average is $25.31. The stock has a market cap of $21.86 million, a price-to-earnings ratio of 17.38 and a beta of 0.41.

Leatherback Long/Short Alternative Yield ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

About Leatherback Long/Short Alternative Yield ETF

The Leatherback Long\u002FShort Alternative Yield ETF (LBAY) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is actively managed, seeking to provide monthly income and capital appreciation. The portfolio will generally be 75% – 110% net long LBAY was launched on Nov 16, 2020 and is managed by Leatherback.