Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Update

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 67,831 shares, a decrease of 36.7% from the August 31st total of 107,229 shares. Based on an average daily volume of 137,988 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

A number of hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC grew its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the first quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock worth $2,990,000 after purchasing an additional 125,029 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the first quarter valued at $312,000. Independent Financial Group LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the first quarter valued at $254,000. Sanctuary Advisors LLC boosted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 27.0% during the 1st quarter. Sanctuary Advisors LLC now owns 47,466 shares of the company’s stock valued at $1,037,000 after buying an additional 10,096 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at $202,000.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.6%

Shares of NASDAQ HNDL traded down $0.12 during trading hours on Thursday, reaching $21.43. 43,994 shares of the stock traded hands, compared to its average volume of 75,844. The company has a market capitalization of $617.18 million, a P/E ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a 52-week low of $21.36 and a 52-week high of $23.00. The company’s 50-day simple moving average is $22.38 and its two-hundred day simple moving average is $22.49.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, September 14th were given a dividend of $0.1291 per share. The ex-dividend date was Monday, September 14th. This is a decrease from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1324. This represents a $1.55 dividend on an annualized basis and a yield of 7.2%.

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.