Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Short Interest Down 84.7% in May

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 79 shares, a decline of 84.7% from the May 14th total of 516 shares. Based on an average daily trading volume, of 1,066 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Leatherback Long/Short Alternative Yield ETF Price Performance

NYSEARCA LBAY remained flat at $25.24 during trading on Friday. The company’s stock had a trading volume of 334 shares, compared to its average volume of 5,350. The stock has a 50 day moving average of $26.26 and a two-hundred day moving average of $26.03. Leatherback Long/Short Alternative Yield ETF has a fifty-two week low of $23.44 and a fifty-two week high of $29.03. The company has a market capitalization of $18.93 million, a PE ratio of 17.38 and a beta of 0.27.

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.