Short Interest in Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Increases By 610.0%

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 30,736 shares, an increase of 610.0% from the June 30th total of 4,329 shares. Based on an average daily volume of 47,817 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Up 0.3%

HNDL traded up $0.06 during trading hours on Friday, hitting $22.56. The stock had a trading volume of 30,278 shares, compared to its average volume of 67,091. Strategy Shares Nasdaq 7HANDL Index ETF has a 1 year low of $21.50 and a 1 year high of $23.00. The company’s fifty day simple moving average is $22.75 and its 200 day simple moving average is $22.49. The stock has a market cap of $632.36 million, a PE ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, July 14th were issued a $0.1334 dividend. This is a boost from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a c) annualized dividend and a yield of 7.1%.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC increased 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 valued at $2,990,000 after acquiring an additional 125,029 shares during the last quarter. Virtu Financial LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the third quarter valued at about $633,000. Wellington Shields & Co. LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter worth about $337,000. Jackson Hole Capital Partners LLC purchased a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter worth about $330,000. Finally, Summit Financial LLC boosted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 9.4% in the 4th quarter. Summit Financial LLC now owns 173,508 shares of the company’s stock worth $3,821,000 after purchasing an additional 14,979 shares in the last quarter.

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.