Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) Stock Price Up 0.2% – Here’s Why

Shares of Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $24.55 and last traded at $24.55. 219 shares were traded during mid-day trading, a decline of 95% from the average session volume of 4,311 shares. The stock had previously closed at $24.50.

Leatherback Long/Short Alternative Yield ETF Stock Performance

The company has a 50-day moving average of $24.67 and a 200-day moving average of $24.88. The stock has a market cap of $32.65 million, a price-to-earnings ratio of 16.19 and a beta of 0.44.

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

An institutional investor recently bought a new position in Leatherback Long/Short Alternative Yield ETF stock. OLD Mission Capital LLC bought a new stake in Leatherback Long/Short Alternative Yield ETF (NYSEARCA:LBAY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,007 shares of the company’s stock, valued at approximately $581,000. OLD Mission Capital LLC owned approximately 1.45% of Leatherback Long/Short Alternative Yield ETF as of its most recent filing with the Securities and Exchange Commission.

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.