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LBAY - Leatherback Long/Short Alternative Yield ETF

Stock Price: $23.02 USD 0.11 (0.48%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
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
NameSymbolWeight
AGNC Investment Corp FXDFR PRF PERPETUAL USD 25 Series FAGNC V6.125 PERP F5.07%
BungeBG5.03%
Exxon MobilXOM4.88%
Carrier GlobalCARR4.61%
Old Republic InternationalORI4.47%
Bristol-Myers SquibbBMY4.45%
Newmont GoldcorpNEM4.34%
ComericaCMA4.20%
American TowerAMT4.02%
EPR Properties 5.75% Series C Cumulative Convertible Preferred SharesEPR 5.75 PERP C4.01%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Jun 25, 2021$0.06Jun 30, 2021
May 25, 2021$0.06May 28, 2021
Apr 27, 2021$0.06Apr 30, 2021
Mar 26, 2021$0.06Mar 31, 2021
Feb 23, 2021$0.06Feb 26, 2021
Jan 26, 2021$0.06Jan 29, 2021
Full Dividend History

News

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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...

8 months ago - ETF Trends

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...

8 months ago - ETF Trends

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

8 months ago - GlobeNewsWire