LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Sees Large Drop in Short Interest

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 491 shares, a decrease of 66.1% from the June 15th total of 1,448 shares. Based on an average daily volume of 2,489 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

LeaderShares Dynamic Yield ETF Price Performance

NYSEARCA:DYLD opened at $22.37 on Monday. The stock has a 50 day simple moving average of $22.44 and a 200 day simple moving average of $22.51. LeaderShares Dynamic Yield ETF has a 1-year low of $22.27 and a 1-year high of $22.92.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in shares of LeaderShares Dynamic Yield ETF during the second quarter worth $231,000. Goldman Sachs Group Inc. grew its stake in shares of LeaderShares Dynamic Yield ETF by 29.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,122 shares of the company’s stock valued at $274,000 after acquiring an additional 2,761 shares in the last quarter. Jane Street Group LLC increased its position in LeaderShares Dynamic Yield ETF by 97.1% during the fourth quarter. Jane Street Group LLC now owns 26,690 shares of the company’s stock worth $604,000 after acquiring an additional 13,151 shares during the period. UBS Group AG increased its position in LeaderShares Dynamic Yield ETF by 18.5% during the third quarter. UBS Group AG now owns 47,052 shares of the company’s stock worth $1,069,000 after acquiring an additional 7,355 shares during the period. Finally, Citadel Advisors LLC raised its stake in LeaderShares Dynamic Yield ETF by 657.0% in the 3rd quarter. Citadel Advisors LLC now owns 126,595 shares of the company’s stock worth $2,876,000 after purchasing an additional 109,872 shares in the last quarter.

About LeaderShares Dynamic Yield ETF

The LeaderShares Dynamic Yield ETF (DYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified, global fixed income securities that seeks to capture higher yields through a proprietary risk-reward scheme. DYLD was launched on Jun 28, 2021 and is managed by LeaderShares.