Leatherback Long/Short Alternative Yield ETF [LBAY] Stock Forecast

LBAY is a long-short equity ETF that provides better returns and risk management compared to long-only ETFs and the S&P 500 in a rising interest rate and inflationary environment. LBAY's high-yield, beta-neutral, value-focused, and dividend-paying strategy offers a diversified portfolio of undervalued stocks, minimizing downside risk and providing a potential for capital appreciation.

LBAY is an ETF unicorn of sorts: it is an actively-managed, long-short ETF. LBAY focuses on being long stocks with high shareholder yield, and short stocks that its managers think are overpriced.

2023 marks the 30th anniversary of the U.S. ETF industry, and with the year just begun, it's a good time to assess the 278 ETFs that are turning three years old, according to VettaFi.

While most of the market was in deep red, a few have really performed well this year.

While the first half of the year has been something of a bloodbath for investors, some – though not all – actively managed exchange traded funds have been beating the market and justifying their higher fees. The Leatherback Long/Short Alternative Yield ETF (LBAY), for example, is up about 11% this year.

Long/Short ETFs provide hedging facilities that protect the portfolio from huge losses in turbulent times.

May is infamous for the stock market. This May too has not been free from shockwaves thanks to rising rate worries due to a hawkish Fed.

After a worst start to a year since 1939, the global market selloff will continue, according to Bank of America Corp. and Morgan Stanley, as quoted on Bloomberg.

ETF Trends' editor-in-chief Lara Crigger sat down with Tidal ETF Services' Gavin Filmore for this edition of “ETF Leaders Powered by the NYSE.” Filmore is the head of product for Tidal ETF Services and explained that the company is primarily a platform for other issuers that provides exposure to the ETF market for its products.

After an awful start to a year since 1939, the global market has more selloffs in the cards, according to Bank of America Corp., as quoted on Bloomberg.

Leatherback Long/Short Alternative Yield ETF is a US stock and trading under the symbol LBAY

Leatherback Long/Short Alternative Yield ETF stock price is $26.3121 today.

Yes, Leatherback Long/Short Alternative Yield ETF is a publicly traded company.