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

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

Leatherback Long/Short Alternative Yield ETF Stock Up 0.7 %

The company has a market capitalization of $64.92 million, a price-to-earnings ratio of 14.91 and a beta of 0.47. The company’s 50 day simple moving average is $25.97 and its two-hundred day simple moving average is $25.78.

Institutional Investors 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 lifted its stake in shares of Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) by 115.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,720 shares of the company’s stock after buying an additional 11,638 shares during the period. 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 quarter.

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.