Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Update

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 67,831 shares, a decrease of 36.7% from the August 31st total of 107,229 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 137,988 shares, the days-to-cover ratio is presently 0.5 days.

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

Several hedge funds have recently added to or reduced their stakes in HNDL. Ameritas Advisory Services LLC bought a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter valued at $47,000. Citadel Advisors LLC bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter worth about $202,000. Independent Financial Group LLC bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the 1st quarter worth about $254,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 1st quarter valued at about $312,000. Finally, Arkadios Wealth Advisors grew its position in Strategy Shares Nasdaq 7HANDL Index ETF by 14.2% during the 1st quarter. Arkadios Wealth Advisors now owns 16,217 shares of the company’s stock valued at $354,000 after purchasing an additional 2,021 shares during the last quarter.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.6%

Shares of NASDAQ HNDL traded down $0.12 on Thursday, reaching $21.43. 43,994 shares of the company’s stock traded hands, compared to its average volume of 75,844. The business’s 50 day simple moving average is $22.38 and its two-hundred day simple moving average is $22.49. Strategy Shares Nasdaq 7HANDL Index ETF has a 12 month low of $21.36 and a 12 month high of $23.00. The company has a market cap of $617.18 million, a price-to-earnings ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, September 14th were given a dividend of $0.1291 per share. This is a drop from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1324. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.55 dividend on an annualized basis and a yield of 7.2%.

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.