Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Trading 1.3% Higher – Here’s Why

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY)’s stock price traded up 1.3% during mid-day trading on Monday . The company traded as high as $25.64 and last traded at $25.62. 3,699 shares traded hands during trading, a decline of 17% from the average session volume of 4,439 shares. The stock had previously closed at $25.30.

Leatherback Long/Short Alternative Yield ETF Stock Down 0.2 %

The stock has a market capitalization of $33.41 million, a P/E ratio of 18.01 and a beta of 0.48. The business has a fifty day moving average price of $24.54 and a 200-day moving average price of $25.81.

Leatherback Long/Short Alternative Yield ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were issued a $0.076 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, February 27th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Leatherback Long/Short Alternative Yield ETF stock. OLD Mission Capital LLC bought a new stake in Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,007 shares of the company’s stock, valued at approximately $581,000. OLD Mission Capital LLC owned 1.45% of Leatherback Long/Short Alternative Yield ETF as of its most recent filing with the Securities & Exchange Commission.

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.