Short Interest in Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Expands By 2,002.2%

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,922 shares, a growth of 2,002.2% from the July 30th total of 139 shares. Based on an average trading volume of 2,305 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

Leatherback Long/Short Alternative Yield ETF Stock Performance

LBAY stock traded up $0.01 during trading on Tuesday, reaching $28.41. 389 shares of the company traded hands, compared to its average volume of 4,243. Leatherback Long/Short Alternative Yield ETF has a 12 month low of $23.44 and a 12 month high of $29.03. The business has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $26.51. The company has a market capitalization of $19.89 million, a price-to-earnings ratio of 17.38 and a beta of 0.27.

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.