Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Shares Down 0.5% – Should You Sell?

Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) fell 0.5% during mid-day trading on Friday . The stock traded as low as $26.17 and last traded at $26.17. 87 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 6,188 shares. The stock had previously closed at $26.29.

Leatherback Long/Short Alternative Yield ETF Trading Down 0.5%

The firm’s 50-day moving average is $26.76 and its 200-day moving average is $25.81. The firm has a market cap of $19.63 million, a price-to-earnings ratio of 17.38 and a beta of 0.29.

Leatherback Long/Short Alternative Yield ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 25th. Investors of record on Tuesday, February 24th were given a $0.085 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a yield of 3.9%.

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.