Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Trading Down 1.2%

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY – Get Rating)’s stock price fell 1.2% during mid-day trading on Friday . The stock traded as low as $26.55 and last traded at $26.59. 8,555 shares were traded during mid-day trading, a decline of 79% from the average session volume of 41,643 shares. The stock had previously closed at $26.90.

Leatherback Long/Short Alternative Yield ETF Price Performance

The stock has a fifty day moving average price of $28.54 and a two-hundred day moving average price of $28.15. The company has a market cap of $94.39 million, a P/E ratio of 14.91 and a beta of 0.51.

Institutional Trading of Leatherback Long/Short Alternative Yield ETF

A number of hedge funds have recently bought and sold shares of LBAY. Ethos Financial Group LLC purchased a new stake in Leatherback Long/Short Alternative Yield ETF in the fourth quarter worth $6,476,000. Janney Montgomery Scott LLC increased its position in Leatherback Long/Short Alternative Yield ETF by 1.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,712 shares of the company’s stock worth $667,000 after buying an additional 361 shares during the last quarter. Capital Planning LLC increased its position in Leatherback Long/Short Alternative Yield ETF by 90.1% in the fourth quarter. Capital Planning LLC now owns 19,703 shares of the company’s stock worth $578,000 after buying an additional 9,339 shares during the last quarter. Finally, Worth Asset Management LLC increased its position in Leatherback Long/Short Alternative Yield ETF by 253.2% in the fourth quarter. Worth Asset Management LLC now owns 3,620 shares of the company’s stock worth $106,000 after buying an additional 2,595 shares during the last quarter.

About Leatherback Long/Short Alternative Yield ETF

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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.