LBAY

Leatherback Long/Short Alternative Yield ETF

$24.46

+0.00%

Market closed. Last update: 12:28 PM ET

📎 Investment Objective

The Leatherback Long/Short Alternative Yield ETF (LBAY) seeks to provide positive absolute returns in various market environments through the use of long and short positions in a diversified portfolio of alternative asset classes.

Overview

ETF tracking Leatherback Long/Short Alternative Yield ETF

Category Alternative

Issuer Other

Inception Date 2020-11-17

Market Cap $25.1M

Average Volume N/A

Dividend Yield 3.11%

52-Week Range $23.42 - $26.61

VWAP $24.43

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

LBAY employs a multi-strategy approach, utilizing a combination of long and short positions in a variety of alternative asset classes such as commodities, currencies, and alternative credit. The fund aims to generate positive returns regardless of the overall direction of the markets.

✨ Key Features

Actively managed alternative investment strategy
Diversified portfolio across alternative asset classes
Utilizes long and short positions to seek positive returns in various market conditions
Aims to provide low correlation to traditional equity and fixed income markets

⚠️ Primary Risks

Exposure to alternative asset classes may increase volatility and risk
Short selling and leverage can magnify losses
Liquidity risk due to the less-liquid nature of some alternative investments
Counterparty risk associated with derivatives and other alternative instruments

👤 Best For

LBAY may be suitable for investors seeking diversification and the potential for positive returns in a variety of market environments. However, the fund's alternative investment strategies and higher risk profile make it more appropriate for experienced investors with a higher risk tolerance and longer investment horizon.