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

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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 47,817 shares, the days-to-cover ratio is currently 0.6 days.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Up 0.3%

NASDAQ HNDL traded up $0.06 during trading on Friday, reaching $22.56. 30,278 shares of the stock traded hands, compared to its average volume of 67,091. The firm has a market cap of $632.36 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a fifty-two week low of $21.50 and a fifty-two week high of $23.00. The stock’s 50-day moving average price is $22.75 and its 200 day moving average price is $22.49.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, July 14th were issued a $0.1334 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. This is an increase from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. The ex-dividend date was Tuesday, July 14th.

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

A number of hedge funds have recently modified their holdings of HNDL. JPMorgan Chase & Co. grew its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 7.6% in 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 period. Raymond James Financial Inc. acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter valued at approximately $172,000. Jane Street Group LLC acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter valued at approximately $287,000. Bank of America Corp DE bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter worth $32,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after acquiring an additional 1,200 shares in 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.