Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) Shares Up 0.6% – Here’s What Happened

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) shares were up 0.6% during trading on Tuesday. The company traded as high as $23.77 and last traded at $23.7510. 1,329 shares were traded during mid-day trading, a decline of 88% from the average session volume of 10,806 shares. The stock had previously closed at $23.60.

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

The firm has a market cap of $36.57 million, a P/E ratio of 17.86 and a beta of 0.48. The business has a 50-day moving average of $24.10 and a two-hundred day moving average of $24.00.

Institutional Trading of Unlimited HFND Multi-Strategy Return Tracker ETF

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

About Unlimited HFND Multi-Strategy Return Tracker ETF

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.