Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) Trading Up 0.3% – Should You Buy?

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) shares shot up 0.3% during trading on Friday . The company traded as high as $24.78 and last traded at $24.75. Approximately 1,237 shares traded hands during trading, a decline of 90% from the average session volume of 11,936 shares. The stock had previously closed at $24.68.

Unlimited HFND Multi-Strategy Return Tracker ETF Trading Up 0.3%

The stock has a market capitalization of $36.63 million, a PE ratio of 17.86 and a beta of 0.48. The business has a fifty day moving average price of $24.41 and a 200-day moving average price of $24.01.

Hedge Funds Weigh In On Unlimited HFND Multi-Strategy Return Tracker ETF

A hedge fund recently bought a new stake in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Compass Financial Management LLC acquired a new position in Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,104 shares of the company’s stock, valued at approximately $101,000. Compass Financial Management LLC owned approximately 0.28% of Unlimited HFND Multi-Strategy Return Tracker ETF at the end of the most recent quarter.

Unlimited HFND Multi-Strategy Return Tracker ETF Company Profile

The Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund that seeks to outperform the hedge fund industry by taking long and short positions in broad-based ETFs and futures contracts. The fund attempts to build a portfolio with similar return characteristics to the hedge fund industry gross of fees returns. HFND was launched on Oct 10, 2022 and is managed by Tidal ETFs.