Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Up 231.5% in June

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 19,210 shares, a growth of 231.5% from the May 31st total of 5,794 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 65,418 shares, the days-to-cover ratio is currently 0.3 days.

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

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

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

Shares of NASDAQ HNDL traded up $0.05 during mid-day trading on Friday, hitting $22.83. 28,343 shares of the stock were exchanged, compared to its average volume of 69,466. Strategy Shares Nasdaq 7HANDL Index ETF has a twelve month low of $21.32 and a twelve month high of $23.00. The stock’s fifty day simple moving average is $22.72 and its two-hundred day simple moving average is $22.39. The company has a market cap of $646.77 million, a P/E ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, June 11th were given a $0.1323 dividend. The ex-dividend date was Thursday, June 11th. This represents a c) annualized dividend and a 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.