Short Interest in Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Drops By 41.7%

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 17,913 shares, a drop of 41.7% from the July 15th total of 30,736 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 48,058 shares, the short-interest ratio is currently 0.4 days.

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

A number of hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the first quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock worth $2,990,000 after acquiring an additional 125,029 shares in the last quarter. Virtu Financial LLC acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 3rd quarter valued at approximately $633,000. Wellington Shields & Co. LLC acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at approximately $337,000. Jackson Hole Capital Partners LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth approximately $330,000. Finally, Summit Financial LLC increased its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 9.4% during the 4th quarter. Summit Financial LLC now owns 173,508 shares of the company’s stock worth $3,821,000 after purchasing an additional 14,979 shares during the last quarter.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

Shares of NASDAQ:HNDL opened at $22.79 on Monday. The business has a 50-day moving average of $22.69 and a two-hundred day moving average of $22.54. The firm has a market capitalization of $639.49 million, a PE ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a 12 month low of $21.50 and a 12 month high of $23.00.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, August 13th were issued a $0.1324 dividend. The ex-dividend date was Thursday, August 13th. This represents a c) annualized dividend and a yield of 7.0%.

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.