Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Stock Short Interest Drops 36.7%

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 67,831 shares, a drop of 36.7% from the August 31st total of 107,229 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 137,988 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HNDL. Asset Allocation Strategies LLC boosted its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.1% during the 2nd quarter. Asset Allocation Strategies LLC now owns 16,960 shares of the company’s stock worth $387,000 after acquiring an additional 662 shares during the last quarter. Beam Wealth Advisors Inc. increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 3.0% in the 1st quarter. Beam Wealth Advisors Inc. now owns 24,188 shares of the company’s stock worth $528,000 after purchasing an additional 705 shares in the last quarter. NFSG Corp increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1.6% in the 1st quarter. NFSG Corp now owns 105,459 shares of the company’s stock worth $2,303,000 after purchasing an additional 1,709 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 14.2% in the 1st quarter. Arkadios Wealth Advisors now owns 16,217 shares of the company’s stock worth $354,000 after purchasing an additional 2,021 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter worth $47,000.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

HNDL stock opened at $21.67 on Friday. The company has a market cap of $624.10 million, a price-to-earnings ratio of 24.18 and a beta of 0.74. The business’s 50-day moving average is $22.35 and its two-hundred day moving average is $22.48. Strategy Shares Nasdaq 7HANDL Index ETF has a fifty-two week low of $21.36 and a fifty-two week high of $23.00.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, September 14th were issued a $0.1291 dividend. The ex-dividend date of this dividend was Monday, September 14th. This is a negative change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1324. This represents a $1.55 dividend on an annualized basis and a dividend yield of 7.2%.

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.