LBAY - Leatherback Long/Short Alternative Yield ETF
| Assets | $5.73M |
| NAV | $22.92 |
| Expense Ratio | 1.09% |
| PE Ratio | 19.38 |
| Beta (5Y) | 1.06 |
| Dividend (ttm) | $0.42 |
| Dividend Yield | 1.83% |
| Ex-Dividend Date | Jun 25, 2021 |
| 1-Year Return | - |
| Trading Day | July 23 |
| Last Price | $23.02 |
| Previous Close | $22.91 |
| Change ($) | 0.11 |
| Change (%) | 0.48% |
| Day's Open | - |
| Day's Range | 22.80 - 23.02 |
| Day's Volume | 14 |
| 52-Week Range | 19.39 - 25.25 |
Fund Description
The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. It is non-diversified.
| Asset Class Equity | Inception Date Nov 16, 2020 |
| Exchange NYSEARCA | Ticker Symbol LBAY |
Top 10 Holdings
45.08% of assets| Name | Symbol | Weight |
|---|---|---|
| AGNC Investment Corp FXDFR PRF PERPETUAL USD 25 Series F | AGNC V6.125 PERP F | 5.07% |
| Bunge | BG | 5.03% |
| Exxon Mobil | XOM | 4.88% |
| Carrier Global | CARR | 4.61% |
| Old Republic International | ORI | 4.47% |
| Bristol-Myers Squibb | BMY | 4.45% |
| Newmont Goldcorp | NEM | 4.34% |
| Comerica | CMA | 4.20% |
| American Tower | AMT | 4.02% |
| EPR Properties 5.75% Series C Cumulative Convertible Preferred Shares | EPR 5.75 PERP C | 4.01% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 25, 2021 | $0.06 | Jun 30, 2021 |
| May 25, 2021 | $0.06 | May 28, 2021 |
| Apr 27, 2021 | $0.06 | Apr 30, 2021 |
| Mar 26, 2021 | $0.06 | Mar 31, 2021 |
| Feb 23, 2021 | $0.06 | Feb 26, 2021 |
| Jan 26, 2021 | $0.06 | Jan 29, 2021 |
The current low-yield environment is conducive to new entrants that offer active management and alternatives to standard assets. The Leatherback Long/Short Alternative Yield ETF (LBAY), which debuted Tu...
On Tuesday, Leatherback Asset Management, in partnership with Tidal ETF Services, launched its first ETF: the Leatherback Long/Short Alternative Yield ETF (LBAY). LBAY is an actively managed alternative...
Actively managed Leatherback Long/Short Alternative Yield ETF (LBAY) is overseen by portfolio manager and founder Michael Winter, a 20-year veteran of hedge funds, mutual funds