Shares of Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY – Get Free Report) dropped 0.3% on Tuesday . The company traded as low as $26.96 and last traded at $26.97. Approximately 6,743 shares changed hands during mid-day trading, an increase of 66% from the average session volume of 4,074 shares. The stock had previously closed at $27.05.
Leatherback Long/Short Alternative Yield ETF Price Performance
The firm has a market cap of $18.88 million, a P/E ratio of 17.38 and a beta of 0.27. The company has a fifty day moving average of $26.76 and a 200-day moving average of $26.47.
Leatherback Long/Short Alternative Yield ETF Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 30th were paid a $0.085 dividend. The ex-dividend date was Thursday, July 30th. This represents a c) annualized dividend and a dividend 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.
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