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

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 2,459 shares, a growth of 1,071.0% from the August 15th total of 210 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 14,526 shares, the days-to-cover ratio is currently 0.2 days.

LeaderShares Dynamic Yield ETF Stock Performance

DYLD traded down $0.05 during trading on Thursday, hitting $22.17. 624 shares of the company’s stock traded hands, compared to its average volume of 4,097. The company’s 50 day simple moving average is $22.30 and its two-hundred day simple moving average is $22.41. LeaderShares Dynamic Yield ETF has a 12-month low of $22.16 and a 12-month high of $22.92.

LeaderShares Dynamic Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Investors of record on Friday, July 24th were given a dividend of $0.062 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 3.4%.

Hedge Funds Weigh In On LeaderShares Dynamic Yield ETF

A number of hedge funds have recently bought and sold shares of DYLD. Coppell Advisory Solutions LLC bought a new position in LeaderShares Dynamic Yield ETF during the 2nd quarter valued at about $216,000. Redwood Investment Management LLC raised its holdings 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 valued at $13,139,000 after purchasing an additional 44,519 shares during the last quarter. Jane Street Group LLC lifted 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 valued at $604,000 after purchasing an additional 13,151 shares during the period. Goldman Sachs Group Inc. lifted its position in LeaderShares Dynamic Yield ETF by 29.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,122 shares of the company’s stock valued at $274,000 after purchasing an additional 2,761 shares during the period. Finally, Citadel Advisors LLC lifted its position in LeaderShares Dynamic Yield ETF by 657.0% during the third quarter. Citadel Advisors LLC now owns 126,595 shares of the company’s stock valued at $2,876,000 after purchasing an additional 109,872 shares during the period.

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.