LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Share Price Pass Above 50-Day Moving Average – Here’s Why

Shares of LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $22.77 and traded as high as $22.84. LeaderShares Dynamic Yield ETF shares last traded at $22.81, with a volume of 5,841 shares trading hands.

LeaderShares Dynamic Yield ETF Price Performance

The firm has a 50 day moving average of $22.77 and a 200-day moving average of $22.71.

Institutional Investors Weigh In On LeaderShares Dynamic Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. bought a new stake in LeaderShares Dynamic Yield ETF during the second quarter worth $594,000. Jane Street Group LLC lifted its stake in LeaderShares Dynamic Yield ETF by 246.6% during the third quarter. Jane Street Group LLC now owns 113,111 shares of the company’s stock worth $2,594,000 after purchasing an additional 80,472 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in LeaderShares Dynamic Yield ETF by 3.4% during the second quarter. Private Advisor Group LLC now owns 127,925 shares of the company’s stock worth $2,871,000 after purchasing an additional 4,219 shares during the last quarter.

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.