Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Trading Up 0.1% – Still a Buy?

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY)’s share price was up 0.1% on Wednesday . The company traded as high as $24.62 and last traded at $24.62. Approximately 8,445 shares traded hands during trading, an increase of 94% from the average daily volume of 4,349 shares. The stock had previously closed at $24.60.

Leatherback Long/Short Alternative Yield ETF Price Performance

The company has a market cap of $32.74 million, a P/E ratio of 17.43 and a beta of 0.44. The stock’s 50-day moving average is $24.35 and its two-hundred day moving average is $24.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Leatherback Long/Short Alternative Yield ETF stock. OLD Mission Capital LLC purchased a new position in Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,007 shares of the company’s stock, valued at approximately $581,000. OLD Mission Capital LLC owned 1.45% of Leatherback Long/Short Alternative Yield ETF at the end of the most recent quarter.

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.