LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Sees Large Drop in Short Interest

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 491 shares, a decline of 66.1% from the June 15th total of 1,448 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 2,489 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in LeaderShares Dynamic Yield ETF during the 2nd quarter valued at $231,000. Goldman Sachs Group Inc. lifted its stake in shares of LeaderShares Dynamic Yield ETF by 29.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,122 shares of the company’s stock worth $274,000 after buying an additional 2,761 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of LeaderShares Dynamic Yield ETF by 97.1% during the 4th quarter. Jane Street Group LLC now owns 26,690 shares of the company’s stock worth $604,000 after buying an additional 13,151 shares during the last quarter. UBS Group AG boosted its holdings in shares of LeaderShares Dynamic Yield ETF by 18.5% during the 3rd quarter. UBS Group AG now owns 47,052 shares of the company’s stock worth $1,069,000 after buying an additional 7,355 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in shares of LeaderShares Dynamic Yield ETF by 657.0% during the 3rd quarter. Citadel Advisors LLC now owns 126,595 shares of the company’s stock worth $2,876,000 after buying an additional 109,872 shares during the period.

LeaderShares Dynamic Yield ETF Stock Performance

DYLD opened at $22.37 on Monday. The business’s 50-day simple moving average is $22.44 and its 200 day simple moving average is $22.51. LeaderShares Dynamic Yield ETF has a 52-week low of $22.27 and a 52-week high of $22.92.

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.