Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Trading Up 0.7%

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) traded up 0.7% during mid-day trading on Thursday . The stock traded as high as $27.07 and last traded at $27.05. 1,541 shares changed hands during trading, a decline of 69% from the average session volume of 5,051 shares. The stock had previously closed at $26.87.

Leatherback Long/Short Alternative Yield ETF Trading Up 0.7 %

The company has a fifty day simple moving average of $25.97 and a 200-day simple moving average of $25.78. The stock has a market cap of $64.92 million, a price-to-earnings ratio of 14.91 and a beta of 0.47.

Hedge Funds Weigh In On Leatherback Long/Short Alternative Yield ETF

An institutional investor recently raised its position in Leatherback Long/Short Alternative Yield ETF stock. OLD Mission Capital LLC boosted its holdings in shares of Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) by 115.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,720 shares of the company’s stock after acquiring an additional 11,638 shares during the quarter. OLD Mission Capital LLC owned approximately 0.91% of Leatherback Long/Short Alternative Yield ETF worth $564,000 at the end of the most recent reporting period.

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.