Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Large Volume Increase – Here’s What Happened

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares saw an uptick in trading volume on Monday . 40,024 shares were traded during trading, a decline of 43% from the previous session’s volume of 70,514 shares.The stock last traded at $22.89 and had previously closed at $22.74.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

The firm has a fifty day simple moving average of $22.61 and a 200-day simple moving average of $22.36. The firm has a market cap of $648.19 million, a price-to-earnings ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.1323 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a c) annualized dividend and a yield of 6.9%.

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

Several hedge funds have recently added to or reduced their stakes in HNDL. JPMorgan Chase & Co. lifted its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 7.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 48,439 shares of the company’s stock valued at $1,049,000 after purchasing an additional 3,434 shares during the last quarter. Raymond James Financial Inc. bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth $172,000. Jane Street Group LLC bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth $287,000. Bank of America Corp DE bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth $32,000. Finally, Geneos Wealth Management Inc. increased its position in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after buying an additional 1,200 shares during the period.

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.