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

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw unusually-high trading volume on Friday. Approximately 85,082 shares traded hands during trading, an increase of 3% from the average daily volume of 82,790 shares. The stock last traded at $21.67 and had previously closed at $21.78.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.4%

The firm has a market cap of $631.90 million, a price-to-earnings ratio of 24.18 and a beta of 0.74. The company’s 50-day moving average price is $21.94 and its 200-day moving average price is $22.39.

Strategy Shares Nasdaq 7HANDL Index ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 13th. Investors of record on Thursday, November 12th will be paid a dividend of $0.1274 per share. The ex-dividend date of this dividend is Thursday, November 12th.

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

A number of hedge funds have recently added to or reduced their stakes in HNDL. Kestra Advisory Services LLC boosted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the 1st quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock valued at $2,990,000 after buying an additional 125,029 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 14.2% in the first quarter. Arkadios Wealth Advisors now owns 16,217 shares of the company’s stock worth $354,000 after acquiring an additional 2,021 shares in the last quarter. OxenFree Capital LLC increased its position 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 worth $1,227,000 after acquiring an additional 3,744 shares during the period. RFG Advisory LLC increased its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 10.6% during the second quarter. RFG Advisory LLC now owns 47,859 shares of the company’s stock worth $1,093,000 after acquiring an additional 4,594 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter worth $47,000.

About Strategy Shares Nasdaq 7HANDL Index ETF

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.