Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Trading Down 0.7% – Here’s Why

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY)’s stock price dropped 0.7% during trading on Monday . The company traded as low as $24.70 and last traded at $24.72. Approximately 9,681 shares were traded during trading, an increase of 65% from the average daily volume of 5,857 shares. The stock had previously closed at $24.89.

Leatherback Long/Short Alternative Yield ETF Price Performance

The company has a market cap of $28.43 million, a price-to-earnings ratio of 17.38 and a beta of 0.47. The business’s fifty day moving average price is $24.61 and its 200 day moving average price is $24.61.

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.