Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Up 69.5% in August

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 107,229 shares, a growth of 69.5% from the August 15th total of 63,271 shares. Based on an average daily trading volume, of 102,797 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the shares of the company are sold short.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

Shares of NASDAQ HNDL traded down $0.08 during trading hours on Wednesday, hitting $21.82. 89,866 shares of the stock were exchanged, compared to its average volume of 73,269. The firm has a market capitalization of $624.38 million, a P/E ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a one year low of $21.53 and a one year high of $23.00. The company’s 50 day moving average is $22.58 and its 200 day moving average is $22.54.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, September 14th were issued a dividend of $0.1292 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Monday, September 14th.

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

Institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth about $47,000. Citadel Advisors LLC acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter valued at approximately $202,000. Independent Financial Group LLC acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the 1st quarter valued at approximately $254,000. Patriot Financial Group Insurance Agency LLC bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the 1st quarter worth approximately $312,000. Finally, Wellington Shields & Co. LLC bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter worth approximately $337,000.

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.