Short Interest in LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Grows By 13,157.1%

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,856 shares, a growth of 13,157.1% from the May 14th total of 14 shares. Based on an average daily trading volume, of 2,405 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

LeaderShares Dynamic Yield ETF Price Performance

Shares of DYLD opened at $22.42 on Wednesday. LeaderShares Dynamic Yield ETF has a 12-month low of $22.27 and a 12-month high of $22.92. The firm has a 50-day moving average price of $22.46 and a 200 day moving average price of $22.55.

Institutional Investors Weigh In On LeaderShares Dynamic Yield ETF

A number of hedge funds have recently modified their holdings of DYLD. Citadel Advisors LLC grew its holdings in shares of LeaderShares Dynamic Yield ETF by 657.0% in the third quarter. Citadel Advisors LLC now owns 126,595 shares of the company’s stock valued at $2,876,000 after purchasing an additional 109,872 shares during the period. Jane Street Group LLC purchased a new stake in shares of LeaderShares Dynamic Yield ETF in the first quarter valued at about $2,468,000. JPMorgan Chase & Co. purchased a new stake in shares of LeaderShares Dynamic Yield ETF in the second quarter valued at about $231,000. UBS Group AG lifted its position in LeaderShares Dynamic Yield ETF by 18.5% in the third quarter. UBS Group AG now owns 47,052 shares of the company’s stock valued at $1,069,000 after buying an additional 7,355 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in LeaderShares Dynamic Yield ETF by 29.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,122 shares of the company’s stock valued at $274,000 after buying an additional 2,761 shares during 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.