Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Trading Down 0.3% – Here’s Why

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) traded down 0.3% during mid-day trading on Tuesday . The stock traded as low as $26.96 and last traded at $26.97. Approximately 6,743 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 4,074 shares. The stock had previously closed at $27.05.

Leatherback Long/Short Alternative Yield ETF Price Performance

The company’s fifty day simple moving average is $26.76 and its two-hundred day simple moving average is $26.47. The stock has a market cap of $18.88 million, a price-to-earnings ratio of 17.38 and a beta of 0.27.

Leatherback Long/Short Alternative Yield ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 30th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Leatherback Long/Short Alternative Yield ETF Company Profile

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.