Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Sees Significant Growth in Short Interest

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 4,516 shares, an increase of 6,640.3% from the January 29th total of 67 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 12,817 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 12,817 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.6% of the company’s stock are sold short.

Leatherback Long/Short Alternative Yield ETF Stock Down 2.7%

Shares of NYSEARCA:LBAY traded down $0.77 during midday trading on Wednesday, hitting $27.92. The stock had a trading volume of 4,305 shares, compared to its average volume of 9,722. The company has a market cap of $22.34 million, a P/E ratio of 17.38 and a beta of 0.41. Leatherback Long/Short Alternative Yield ETF has a 12 month low of $23.15 and a 12 month high of $29.03. The business’s 50-day simple moving average is $25.78 and its 200-day simple moving average is $25.09.

Leatherback Long/Short Alternative Yield ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Tuesday, February 24th will be given a $0.085 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, February 24th.

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.