LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Sees Large Decrease in Short Interest

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 35 shares, a decline of 73.7% from the September 15th total of 133 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 14,916 shares, the short-interest ratio is presently 0.0 days.

LeaderShares Dynamic Yield ETF Price Performance

Shares of NYSEARCA:DYLD traded up $0.01 during midday trading on Monday, reaching $22.06. The company had a trading volume of 1,002 shares, compared to its average volume of 4,880. The company’s 50 day moving average price is $22.20 and its 200 day moving average price is $22.35. LeaderShares Dynamic Yield ETF has a 52-week low of $21.88 and a 52-week high of $22.90.

LeaderShares Dynamic Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were paid a $0.0694 dividend. The ex-dividend date was Friday, September 25th. This is a negative change from LeaderShares Dynamic Yield ETF’s previous monthly dividend of $0.0765. This represents a $0.83 dividend on an annualized basis and a yield of 3.8%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in LeaderShares Dynamic Yield ETF stock. Redwood Investment Management LLC lifted its stake in shares of LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 586,292 shares of the company’s stock after purchasing an additional 44,519 shares during the period. LeaderShares Dynamic Yield ETF accounts for 1.6% of Redwood Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. Redwood Investment Management LLC owned approximately 32.57% of LeaderShares Dynamic Yield ETF worth $13,139,000 as of its most recent filing with the Securities & Exchange Commission.

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.