Leatherback Long/Short Alternative Yield ETF (LBAY)
| Assets | $49.87M |
| NAV | $28.91 |
| Expense Ratio | 1.43% |
| PE Ratio | 12.81 |
| Shares Out | 1.73M |
| Dividend (ttm) | $0.75 |
| Dividend Yield | 2.62% |
| Ex-Dividend Date | Apr 26, 2022 |
| 1-Year Return | +16.44% |
| Volume | 63,202 |
| Open | 28.91 |
| Previous Close | 28.92 |
| Day's Range | 28.53 - 28.91 |
| 52-Week Low | 22.37 |
| 52-Week High | 29.36 |
| Beta | 0.37 |
| Holdings | 58 |
| Inception Date | Nov 16, 2020 |
About LBAY
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.
Top 10 Holdings
46.35% of assets| Name | Symbol | Weight |
|---|---|---|
| H&R Block | HRB | 5.42% |
| Bunge | BG | 5.21% |
| AbbVie | ABBV | 5.04% |
| Exxon Mobil | XOM | 5.01% |
| Fidelity National Information Services | FIS | 4.67% |
| Zimmer Biomet Holdings | ZBH | 4.35% |
| Old Republic International | ORI | 4.30% |
| Popular | BPOP | 4.15% |
| Newmont | NEM | 4.10% |
| The Charles Schwab Corporation | SCHW | 4.10% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 26, 2022 | $0.065 | Apr 29, 2022 |
| Mar 28, 2022 | $0.065 | Mar 31, 2022 |
| Feb 23, 2022 | $0.065 | Feb 28, 2022 |
| Jan 26, 2022 | $0.065 | Jan 28, 2022 |
| Dec 28, 2021 | $0.065 | Dec 31, 2021 |
| Nov 24, 2021 | $0.065 | Nov 30, 2021 |
News
Will Defensive ETFs Gain Further as S&P 500 Lull Not Over Yet?
After a worst start to a year since 1939, the global market selloff will continue, according to Bank of America Corp. and Morgan Stanley, as quoted on Bloomberg.
ETF Leaders Powered by the NYSE: Tidal ETF Services' Gavin Filmore
ETF Trends' editor-in-chief Lara Crigger sat down with Tidal ETF Services' Gavin Filmore for this edition of “ETF Leaders Powered by the NYSE.” Filmore is the head of product for Tidal ETF Services and ...
Defensive ETFs for Investors Fearing Further Market Crash
After an awful start to a year since 1939, the global market has more selloffs in the cards, according to Bank of America Corp., as quoted on Bloomberg.
5 Long/Short ETFs to Defend Your Portfolio Against Volatility
As the S&P 500 entered into a correction due to geopolitical crisis, investors can reply upon these long/short ETFs.
A Brand-New ETF Can Fill the Void Left by Interest Rates
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...
Leatherback Asset Management Launches First ETF, ‘LBAY'
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...
Leatherback Asset Management Launches its First ETF
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