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

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

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. grew its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock valued at $28,000 after purchasing an additional 1,200 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth approximately $32,000. PNC Financial Services Group Inc. acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth approximately $35,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth approximately $172,000.

Strategy Shares Nasdaq 7HANDL Index ETF Trading Up 0.1%

Strategy Shares Nasdaq 7HANDL Index ETF stock opened at $22.56 on Monday. Strategy Shares Nasdaq 7HANDL Index ETF has a 1-year low of $21.50 and a 1-year high of $23.00. The company has a fifty day simple moving average of $22.75 and a 200 day simple moving average of $22.49. The company has a market cap of $632.36 million, a P/E 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. Stockholders of record on Tuesday, July 14th were paid a dividend of $0.1334 per share. The ex-dividend date was Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. This is a positive change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13.

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.