Leatherback Long/Short Alternative Yield ETF [LBAY]

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.

As the S&P 500 entered into a correction due to geopolitical crisis, investors can reply upon these long/short ETFs.

The current low-yield environment is conducive to new entrants that offer active management and alternatives to standard assets. The Leatherback Long/Short Alternative Yield ETF (LBAY), which debuted Tuesday, can fill voids created by ultra-low interest rates.

On Tuesday, Leatherback Asset Management, in partnership with Tidal ETF Services, launched its first ETF: the Leatherback Long/Short Alternative Yield ETF (LBAY). LBAY is an actively managed alternative yield strategy that provides a cost-effective, liquid, and tax-efficient means for investors to add a high-quality allocation with targeted monthly distributions to their respective portfolios.