Leatherback Long/Short Alternative Yield ETF
LBAY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2000 PGA Boulevard, Suite 4440 Palm Beach Gardens FL United States of America 33408
- IPO Date
- Nov 17, 2020
- CIK
- 0001742912
- Website
- leatherbackam.com
- Similar Companies
- Business
- Leatherback Long/Short Alternative Yield ETF (LBAY) is an actively managed exchange-traded fund that seeks income generation and capital appreciation through long positions in shareholder yielding equities and income producing securities, including U.S. common stocks, preferred stocks, closed-end funds, REITs, MLPs, BDCs, and YieldCos; short positions in securities expected to decline in price; and derivatives such as options. Leatherback Asset Management, LLC serves as investment adviser, employing a quantitative and fundamental approach to select holdings with sustainable shareholder yields, particularly emphasizing dividend awards for downside protection and total return enhancement; the fund maintains a typical net long exposure of 75%-110% with approximately 40 long and 20 short positions across 50-60 holdings. Distributed by Foreside Fund Services, LLC and launched in partnership with Tidal ETF Services, LBAY trades on NYSE Arca with ticker LBAY, CUSIP 886364850, and an expense ratio of 1.27% as of late 2025. Leatherback Asset Management, founded in 2020 by Michael J. Winter, CFA, and headquartered at 2000 PGA Boulevard, Suite 4440, Palm Beach Gardens, Florida, specializes in active, liquid alternative strategies within transparent ETF wrappers targeting institutional-quality long/short equity approaches for retail and institutional investors. The firm, co-founded by William W. Suzor, CFA, focuses on alpha generation beyond traditional long-only or index strategies, with LBAY as its flagship product designed for core equity, strategic income, or alternatives allocations amid investor demand for yield in low-rate environments. In recent developments, LBAY implemented a new 80% investment policy consistent with its objective, as disclosed in its prospectus supplement effective October 30, 2025, reflecting ongoing strategic refinements to its portfolio guidelines. The fund continues targeted monthly distributions, with a 30-day SEC yield of 2.31% as of November 28, 2025, and maintains operations without reported acquisitions, funding rounds, or major partnerships since inception, prioritizing active management evolution amid market volatility. LBAY serves U.S. investors seeking alternative yield with tax efficiency and liquidity, non-diversified across sectors like energy, financials, healthcare, and real estate, while exposing to risks from short sales, derivatives, illiquid assets, REITs, MLPs, and BDCs.