LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Shares Shorted: Short Interest Down 94.6% in September

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 133 shares, a drop of 94.6% from the August 31st total of 2,459 shares. Based on an average daily volume of 4,195 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On LeaderShares Dynamic Yield ETF

An institutional investor recently raised its stake in LeaderShares Dynamic Yield ETF stock. Redwood Investment Management LLC boosted its holdings in LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) by 8.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 586,292 shares of the company’s stock after acquiring an additional 44,519 shares during the quarter. LeaderShares Dynamic Yield ETF accounts for approximately 1.6% of Redwood Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. Redwood Investment Management LLC owned 32.57% of LeaderShares Dynamic Yield ETF worth $13,139,000 as of its most recent SEC filing.

LeaderShares Dynamic Yield ETF Stock Performance

DYLD stock traded down $0.09 during midday trading on Friday, reaching $22.03. 7,708 shares of the company’s stock traded hands, compared to its average volume of 4,750. The firm’s fifty day moving average price is $22.25 and its 200-day moving average price is $22.38. LeaderShares Dynamic Yield ETF has a 52 week low of $21.99 and a 52 week high of $22.90.

LeaderShares Dynamic Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 25th will be issued a dividend of $0.0694 per share. This is a decrease from LeaderShares Dynamic Yield ETF’s previous monthly dividend of $0.0765. This represents a $0.83 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 25th.

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.