Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Unusually-High Trading Volume – Here’s Why

Shares of Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw unusually-high trading volume on Thursday . Approximately 38,863 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 67,579 shares.The stock last traded at $22.6550 and had previously closed at $22.68.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The firm has a market capitalization of $633.03 million, a PE ratio of 24.18 and a beta of 0.73. The company’s fifty day simple moving average is $22.68 and its 200 day simple moving average is $22.56.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, August 13th were issued a $0.1324 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a c) annualized dividend and a yield of 7.0%.

Hedge Funds Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

Large investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. boosted its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock valued at $28,000 after acquiring an additional 1,200 shares during the period. Bank of America Corp DE purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter valued at approximately $32,000. PNC Financial Services Group Inc. purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter valued at approximately $35,000. Finally, Ameritas Advisory Services LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth approximately $47,000.

Strategy Shares Nasdaq 7HANDL Index ETF Company Profile

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.