Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Sees Significant Drop in Short Interest

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 300 shares, a decrease of 40.0% from the September 30th total of 500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Leatherback Long/Short Alternative Yield ETF Trading Down 0.1%

Shares of LBAY traded down $0.02 during trading hours on Monday, reaching $23.63. 1,728 shares of the company’s stock traded hands, compared to its average volume of 5,232. Leatherback Long/Short Alternative Yield ETF has a 12 month low of $23.15 and a 12 month high of $27.02. The stock has a market cap of $23.16 million, a PE ratio of 17.38 and a beta of 0.41. The firm’s 50 day simple moving average is $24.98 and its 200-day simple moving average is $24.71.

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.