LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Sees Large Decrease in Short Interest

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 491 shares, a decrease of 66.1% from the June 15th total of 1,448 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,489 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Redwood Investment Management LLC grew its position in LeaderShares Dynamic Yield ETF by 8.2% in the 1st quarter. Redwood Investment Management LLC now owns 586,292 shares of the company’s stock worth $13,139,000 after purchasing an additional 44,519 shares in the last quarter. Citadel Advisors LLC increased its stake in LeaderShares Dynamic Yield ETF by 657.0% in the 3rd quarter. Citadel Advisors LLC now owns 126,595 shares of the company’s stock valued at $2,876,000 after buying an additional 109,872 shares during the last quarter. Jane Street Group LLC bought a new position in shares of LeaderShares Dynamic Yield ETF during the 1st quarter worth approximately $2,468,000. UBS Group AG lifted its position in shares of LeaderShares Dynamic Yield ETF by 18.5% during the 3rd quarter. UBS Group AG now owns 47,052 shares of the company’s stock worth $1,069,000 after buying an additional 7,355 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of LeaderShares Dynamic Yield ETF by 29.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,122 shares of the company’s stock worth $274,000 after buying an additional 2,761 shares during the last quarter.

LeaderShares Dynamic Yield ETF Price Performance

NYSEARCA:DYLD traded up $0.01 during trading hours on Tuesday, hitting $22.35. 3,585 shares of the company traded hands, compared to its average volume of 3,643. The firm’s 50-day simple moving average is $22.44 and its 200-day simple moving average is $22.51. LeaderShares Dynamic Yield ETF has a one year low of $22.27 and a one year high of $22.92.

LeaderShares Dynamic Yield ETF Company Profile

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.