Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Up 201.5% in May

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 47,572 shares, an increase of 201.5% from the April 30th total of 15,778 shares. Based on an average daily trading volume, of 68,510 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

Shares of Strategy Shares Nasdaq 7HANDL Index ETF stock traded down $0.03 during trading hours on Friday, reaching $22.89. The company’s stock had a trading volume of 64,029 shares, compared to its average volume of 71,921. The company’s 50 day simple moving average is $22.42 and its 200 day simple moving average is $22.31. Strategy Shares Nasdaq 7HANDL Index ETF has a one year low of $20.86 and a one year high of $23.00. The stock has a market cap of $648.47 million, a P/E ratio of 24.18 and a beta of 0.74.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, May 13th were issued a $0.1336 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 Wednesday, May 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

A number of large investors have recently modified their holdings of HNDL. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter worth about $25,000. Geneos Wealth Management Inc. increased its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after acquiring an additional 1,200 shares during the period. Bank of America Corp DE acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter worth about $32,000. PNC Financial Services Group Inc. acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter worth about $35,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter worth about $172,000.

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.