Welcome to our dedicated page for Leatherback Long/Short Alternative Yield ETF news (Ticker: LBAY), a resource for investors and traders seeking the latest updates and insights on Leatherback Long/Short Alternative Yield ETF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Leatherback Long/Short Alternative Yield ETF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Leatherback Long/Short Alternative Yield ETF's position in the market.
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.
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