Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Significant Decrease in Short Interest

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 5,794 shares, a decrease of 87.8% from the May 14th total of 47,572 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 72,094 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter valued at $172,000. Equitable Holdings Inc. acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 3rd quarter valued at $229,000. Summit Financial LLC raised its stake 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 valued at $3,821,000 after buying an additional 14,979 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 37.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,483 shares of the company’s stock valued at $297,000 after buying an additional 3,646 shares in the last quarter. Finally, Regal Investment Advisors LLC acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter valued at $239,000.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

Shares of HNDL stock traded up $0.11 during mid-day trading on Thursday, reaching $22.67. The company’s stock had a trading volume of 50,932 shares, compared to its average volume of 70,592. Strategy Shares Nasdaq 7HANDL Index ETF has a 1-year low of $21.06 and a 1-year high of $23.00. The company has a market cap of $642.24 million, a P/E ratio of 24.18 and a beta of 0.73. The firm’s 50-day moving average is $22.60 and its two-hundred day moving average is $22.36.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, June 11th will be paid a $0.1323 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

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.