Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Strong Trading Volume – Should You Buy?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares saw an uptick in trading volume on Thursday. 103,860 shares traded hands during trading, an increase of 34% from the previous session’s volume of 77,671 shares. The stock last traded at $21.7930 and had previously closed at $21.69.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The firm has a market cap of $625.09 million, a price-to-earnings ratio of 24.18 and a beta of 0.74. The business has a fifty day simple moving average of $22.23 and a 200 day simple moving average of $22.48.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, October 13th were given a $0.1278 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This is a decrease from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1291. This represents a $1.53 dividend on an annualized basis and a yield of 7.0%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC grew its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 10.6% in the 2nd quarter. RFG Advisory LLC now owns 47,859 shares of the company’s stock valued at $1,093,000 after acquiring an additional 4,594 shares during the last quarter. Citadel Advisors LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter worth approximately $202,000. Ameritas Advisory Services LLC bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter worth $47,000. Asset Allocation Strategies LLC lifted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 4.1% in the 2nd quarter. Asset Allocation Strategies LLC now owns 16,960 shares of the company’s stock valued at $387,000 after purchasing an additional 662 shares during the last quarter. Finally, OxenFree Capital LLC raised its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 7.5% during the second quarter. OxenFree Capital LLC now owns 53,708 shares of the company’s stock valued at $1,227,000 after buying an additional 3,744 shares during the last quarter.

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.