LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Stock Short Interest Falls 92.0%

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 7 shares, a decline of 92.0% from the October 15th total of 88 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,652 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On LeaderShares Dynamic Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DYLD. Private Advisor Group LLC acquired a new position in shares of LeaderShares Dynamic Yield ETF during the 3rd quarter worth approximately $859,000. Harbour Investments Inc. acquired a new stake in shares of LeaderShares Dynamic Yield ETF during the 3rd quarter worth $36,000. Coppell Advisory Solutions LLC acquired a new stake in LeaderShares Dynamic Yield ETF during the 2nd quarter worth approximately $216,000. Finally, Redwood Investment Management LLC lifted its stake in shares of LeaderShares Dynamic Yield ETF by 8.2% during the first quarter. Redwood Investment Management LLC now owns 586,292 shares of the company’s stock worth $13,139,000 after purchasing an additional 44,519 shares in the last quarter.

LeaderShares Dynamic Yield ETF Stock Down 0.2%

Shares of NYSEARCA DYLD traded down $0.05 during mid-day trading on Thursday, hitting $22.08. The company had a trading volume of 13,372 shares, compared to its average volume of 4,910. LeaderShares Dynamic Yield ETF has a 1-year low of $21.88 and a 1-year high of $22.78. The business’s 50-day simple moving average is $22.12 and its 200 day simple moving average is $22.36.

LeaderShares Dynamic Yield ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Wednesday, October 28th were paid a $0.0768 dividend. This is an increase from LeaderShares Dynamic Yield ETF’s previous monthly dividend of $0.0694. The ex-dividend date was Wednesday, October 28th. This represents a $0.92 annualized dividend and a dividend yield of 4.2%.

LeaderShares Dynamic Yield ETF Company Profile

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.