Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Trading 0.1% Higher – Here’s Why

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAYGet Free Report)’s stock price shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $23.64 and last traded at $23.56. 1,097 shares were traded during mid-day trading, a decline of 78% from the average session volume of 5,018 shares. The stock had previously closed at $23.54.

Leatherback Long/Short Alternative Yield ETF Trading Up 0.1%

The business’s 50-day simple moving average is $24.45 and its 200 day simple moving average is $24.66. The company has a market capitalization of $23.09 million, a P/E ratio of 17.38 and a beta of 0.41.

Leatherback Long/Short Alternative Yield ETF Company Profile

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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.

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