Short Interest in Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Increases By 6,640.3%

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 4,516 shares, a growth of 6,640.3% from the January 29th total of 67 shares. Based on an average daily trading volume, of 12,817 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,817 shares, the days-to-cover ratio is presently 0.4 days.

Leatherback Long/Short Alternative Yield ETF Stock Down 2.7%

Shares of NYSEARCA:LBAY opened at $27.92 on Thursday. The firm has a market cap of $22.34 million, a P/E ratio of 17.38 and a beta of 0.41. Leatherback Long/Short Alternative Yield ETF has a 12 month low of $23.15 and a 12 month high of $29.03. The company’s 50-day moving average price is $25.84 and its two-hundred day moving average price is $25.11.

Leatherback Long/Short Alternative Yield ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 25th. Investors of record on Tuesday, February 24th were issued a $0.085 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.