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Leatherback Asset Management announced that its first ETF, the Leatherback Long/Short Alternative Yield ETF (LBAY), has surpassed $50 million in assets under management. Launched in November 2020, this actively managed ETF aims to provide high-quality yield with targeted monthly distributions. As of May 31, 2022, LBAY has achieved a 19.54% cumulative total return, outperforming the S&P 500 Index. The fund has paid distributions for 18 consecutive months, highlighting its strong performance amidst market volatility.
Armada ETF Advisors has launched the Home Appreciation U.S. REIT ETF (NYSE: HAUS), the first active ETF focused solely on residential real estate. This fund invests in REITs that generate at least 75% of revenue from residential properties, contributing to investment opportunities amidst the U.S. housing shortage. With potential benefits like quarterly dividends, HAUS aims to diversify investor portfolios, particularly during high inflation. Expertise from a dedicated advisory board will enhance the fund's performance by identifying market trends.