Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Shares Down 0.5% – Time to Sell?

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY)’s share price traded down 0.5% on Friday . The stock traded as low as $26.17 and last traded at $26.17. 87 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 6,188 shares. The stock had previously closed at $26.29.

Leatherback Long/Short Alternative Yield ETF Stock Performance

The stock has a market capitalization of $19.63 million, a P/E ratio of 17.38 and a beta of 0.29. The firm’s fifty day simple moving average is $26.76 and its 200 day simple moving average is $25.81.

Leatherback Long/Short Alternative Yield ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Tuesday, February 24th were issued a $0.085 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was 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.