Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Short Interest Update

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,922 shares, an increase of 2,002.2% from the July 30th total of 139 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 2,305 shares, the days-to-cover ratio is presently 1.3 days.

Leatherback Long/Short Alternative Yield ETF Stock Up 0.0%

NYSEARCA:LBAY traded up $0.01 during midday trading on Tuesday, hitting $28.41. The stock had a trading volume of 389 shares, compared to its average volume of 4,243. The stock has a 50-day moving average of $26.02 and a 200 day moving average of $26.51. The company has a market capitalization of $19.89 million, a price-to-earnings ratio of 17.38 and a beta of 0.27. Leatherback Long/Short Alternative Yield ETF has a one year low of $23.44 and a one year high of $29.03.

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.