LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Shares Shorted: Short Interest Down 92.0% in October

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 7 shares, a drop of 92.0% from the October 15th total of 88 shares. Based on an average daily volume of 3,652 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DYLD. Redwood Investment Management LLC grew its holdings in shares of LeaderShares Dynamic Yield ETF by 8.2% in the first quarter. Redwood Investment Management LLC now owns 586,292 shares of the company’s stock valued at $13,139,000 after purchasing an additional 44,519 shares during the period. Private Advisor Group LLC acquired a new position in LeaderShares Dynamic Yield ETF in the 3rd quarter valued at about $859,000. Coppell Advisory Solutions LLC purchased a new stake in shares of LeaderShares Dynamic Yield ETF in the 2nd quarter valued at approximately $216,000. Finally, Harbour Investments Inc. purchased a new stake in shares of LeaderShares Dynamic Yield ETF in the 3rd quarter valued at approximately $36,000.

LeaderShares Dynamic Yield ETF Stock Performance

Shares of DYLD traded up $0.00 during trading hours on Wednesday, hitting $22.12. The stock had a trading volume of 3,633 shares, compared to its average volume of 4,864. The firm has a 50-day moving average price of $22.12 and a 200 day moving average price of $22.36. LeaderShares Dynamic Yield ETF has a fifty-two week low of $21.88 and a fifty-two week high of $22.78.

LeaderShares Dynamic Yield ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, October 28th were paid a $0.0768 dividend. The ex-dividend date of this dividend was Wednesday, October 28th. This represents a $0.92 annualized dividend and a yield of 4.2%. This is an increase from LeaderShares Dynamic Yield ETF’s previous monthly dividend of $0.0694.

LeaderShares Dynamic Yield ETF Company Profile

The LeaderShares Dynamic Yield ETF (DYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified, global fixed income securities that seeks to capture higher yields through a proprietary risk-reward scheme. DYLD was launched on Jun 28, 2021 and is managed by LeaderShares.