Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Short Interest Down 79.8% in March

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,829 shares, a decrease of 79.8% from the February 26th total of 9,064 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 9,163 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 9,163 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Leatherback Long/Short Alternative Yield ETF Price Performance

Shares of Leatherback Long/Short Alternative Yield ETF stock traded up $0.23 during trading on Wednesday, hitting $26.83. 4,827 shares of the company’s stock traded hands, compared to its average volume of 8,209. Leatherback Long/Short Alternative Yield ETF has a 1 year low of $23.15 and a 1 year high of $29.03. The business has a 50-day simple moving average of $26.90 and a 200-day simple moving average of $25.36. The stock has a market capitalization of $21.46 million, a P/E ratio of 17.38 and a beta of 0.41.

Leatherback Long/Short Alternative Yield ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.085 per share. The ex-dividend date was Tuesday, February 24th. This represents a c) annualized dividend and a yield of 3.8%.

About Leatherback Long/Short Alternative Yield ETF

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.