Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Stock Price Up 1.2% – Here’s What Happened

Shares of Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) shot up 1.2% during trading on Friday . The stock traded as high as $24.86 and last traded at $24.85. 1,068 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 3,681 shares. The stock had previously closed at $24.56.

Leatherback Long/Short Alternative Yield ETF Stock Up 1.2 %

The company has a market capitalization of $33.55 million, a P/E ratio of 17.74 and a beta of 0.49. The company’s 50-day simple moving average is $24.21 and its 200 day simple moving average is $26.04.

Institutional Investors Weigh In On Leatherback Long/Short Alternative Yield ETF

A hedge fund recently bought a new stake in Leatherback Long/Short Alternative Yield ETF stock. OLD Mission Capital LLC bought a new stake in shares of Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 24,007 shares of the company’s stock, valued at approximately $581,000. OLD Mission Capital LLC owned 1.45% of Leatherback Long/Short Alternative Yield ETF as of its most recent SEC filing.

About Leatherback Long/Short Alternative Yield ETF

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.