The Leatherback Long/Short Alternative Yield ETF (LBAY) declined approximately 1.13% in January compared to 1.01% for the S&P 500 index. Inception to date the Fund has returned 3.38% through the end of January 2021. LBAY maintains a monthly distribution of $0.06 per share which equates to a 3.5% yield versus the S&P 500 dividend yield of 1.5%. The 30 day SEC yield is at 3.5%.
One could argue we need short sellers now perhaps more than ever."
1The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (833) 417-0090. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized. View LBAY standardized performance here.
2 The 30-day SEC yield is calculated from the 30 days ending on the last day of the previous month. This figure approximates the yield an investor would receive in a year, assuming that each bond in the portfolio is held until maturity. View the 30 day SEC yield here.
3FINRA Margin Debt and the S&P500 Real Values Source: https://www.advisorperspectives.com/
4Small Trader Call Buys to Open Source: SentimenTrader from Twitter