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

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 50 shares, a drop of 62.4% from the December 15th total of 133 shares. Based on an average daily volume of 5,469 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,469 shares, the days-to-cover ratio is presently 0.0 days.

Leatherback Long/Short Alternative Yield ETF Trading Down 0.4%

Leatherback Long/Short Alternative Yield ETF stock traded down $0.09 during mid-day trading on Friday, reaching $25.05. The company’s stock had a trading volume of 26,979 shares, compared to its average volume of 12,462. The business has a 50 day moving average price of $24.36 and a 200-day moving average price of $24.65. The firm has a market cap of $22.55 million, a price-to-earnings ratio of 17.38 and a beta of 0.41. Leatherback Long/Short Alternative Yield ETF has a twelve month low of $23.15 and a twelve month high of $26.27.

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.