LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Stock Short Interest Drops 94.6%

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 133 shares, a decline of 94.6% from the August 31st total of 2,459 shares. Based on an average trading volume of 4,195 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of LeaderShares Dynamic Yield ETF

A hedge fund recently bought a new stake in LeaderShares Dynamic Yield ETF stock. Coppell Advisory Solutions LLC purchased a new stake in LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,620 shares of the company’s stock, valued at approximately $216,000. Coppell Advisory Solutions LLC owned about 0.53% of LeaderShares Dynamic Yield ETF at the end of the most recent quarter.

LeaderShares Dynamic Yield ETF Stock Down 0.1%

Shares of NYSEARCA DYLD traded down $0.03 during midday trading on Thursday, reaching $22.12. 36,543 shares of the stock traded hands, compared to its average volume of 4,734. The company’s 50 day moving average is $22.26 and its 200 day moving average is $22.38. LeaderShares Dynamic Yield ETF has a one year low of $22.07 and a one year high of $22.90.

LeaderShares Dynamic Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Friday, July 24th were given a dividend of $0.0620 per share. This represents a $0.74 annualized dividend and a yield of 3.4%. This is a decrease from LeaderShares Dynamic Yield ETF’s previous monthly dividend of $0.0785. The ex-dividend date was Friday, July 24th.

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.