LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 7 shares, a drop of 92.0% from the October 15th total of 88 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,652 shares, the days-to-cover ratio is presently 0.0 days.
LeaderShares Dynamic Yield ETF Price Performance
Shares of NYSEARCA DYLD traded down $0.05 during midday trading on Tuesday, reaching $22.12. 3,633 shares of the company’s stock traded hands, compared to its average volume of 4,864. The stock’s 50 day simple moving average is $22.12 and its 200-day simple moving average is $22.36. LeaderShares Dynamic Yield ETF has a one year low of $21.88 and a one year high of $22.78.
LeaderShares Dynamic Yield ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Wednesday, October 28th were paid a $0.0768 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.2%. This is a boost from LeaderShares Dynamic Yield ETF’s previous monthly dividend of $0.0694. The ex-dividend date was Wednesday, October 28th.
Hedge Funds Weigh In On LeaderShares Dynamic Yield ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. acquired a new position in LeaderShares Dynamic Yield ETF in the third quarter valued at about $36,000. Coppell Advisory Solutions LLC purchased a new position in LeaderShares Dynamic Yield ETF in the second quarter valued at $216,000. Finally, Redwood Investment Management LLC grew its position in shares of LeaderShares Dynamic Yield ETF by 8.2% during the first quarter. Redwood Investment Management LLC now owns 586,292 shares of the company’s stock worth $13,139,000 after buying an additional 44,519 shares in the last quarter.
About LeaderShares Dynamic Yield ETF
The LeaderShares Dynamic Yield ETF (DYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified, global fixed income securities that seeks to capture higher yields through a proprietary risk-reward scheme. DYLD was launched on Jun 28, 2021 and is managed by LeaderShares.
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