Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Large Volume Increase – Should You Buy?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw unusually-strong trading volume on Thursday. 103,860 shares were traded during trading, an increase of 34% from the previous session’s volume of 77,671 shares. The stock last traded at $21.7930 and had previously closed at $21.69.

Strategy Shares Nasdaq 7HANDL Index ETF Trading Down 0.1%

The stock has a market capitalization of $626.23 million, a price-to-earnings ratio of 24.18 and a beta of 0.74. The firm has a 50-day moving average of $22.20 and a 200-day moving average of $22.47.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, October 13th were paid a dividend of $0.1278 per share. This represents a $1.53 annualized dividend and a yield of 7.0%. The ex-dividend date was Tuesday, October 13th. This is a drop from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1291.

Institutional Investors Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. NFSG Corp boosted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.6% in the 3rd quarter. NFSG Corp now owns 111,325 shares of the company’s stock valued at $2,399,000 after acquiring an additional 4,907 shares during the last quarter. RFG Advisory LLC increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 10.6% in the second quarter. RFG Advisory LLC now owns 47,859 shares of the company’s stock worth $1,093,000 after acquiring an additional 4,594 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth $202,000. Ameritas Advisory Services LLC purchased a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter worth $47,000. Finally, Asset Allocation Strategies LLC raised its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.1% during the second quarter. Asset Allocation Strategies LLC now owns 16,960 shares of the company’s stock worth $387,000 after purchasing an additional 662 shares during the last quarter.

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.