Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Unusually-High Trading Volume – Here’s Why

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares saw strong trading volume on Tuesday . 62,020 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 69,780 shares.The stock last traded at $22.53 and had previously closed at $22.53.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

The company has a market capitalization of $632.05 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. The company has a 50-day moving average price of $22.65 and a 200-day moving average price of $22.56.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, August 13th were issued a dividend of $0.1324 per share. The ex-dividend date was Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in HNDL. Garton & Associates Financial Advisors LLC bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. lifted its holdings in 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. Bank of America Corp DE acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter valued at about $32,000. PNC Financial Services Group Inc. acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter worth about $35,000. Finally, Ameritas Advisory Services LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth approximately $47,000.

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.