Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Sees Significant Growth in Short Interest

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 4,516 shares, a growth of 6,640.3% from the January 29th total of 67 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 12,817 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 12,817 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the shares of the stock are sold short.

Leatherback Long/Short Alternative Yield ETF Price Performance

Shares of NYSEARCA:LBAY traded down $0.77 during midday trading on Wednesday, reaching $27.92. The company’s stock had a trading volume of 4,305 shares, compared to its average volume of 9,722. The business’s fifty day simple moving average is $25.78 and its 200-day simple moving average is $25.09. Leatherback Long/Short Alternative Yield ETF has a fifty-two week low of $23.15 and a fifty-two week high of $29.03. The company has a market capitalization of $22.34 million, a P/E ratio of 17.38 and a beta of 0.41.

Leatherback Long/Short Alternative Yield ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Tuesday, February 24th will be given a $0.085 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, February 24th.

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.