Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Unusually-High Trading Volume – Time to Buy?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares saw an uptick in trading volume on Thursday. 103,860 shares changed hands during trading, an increase of 34% from the previous session’s volume of 77,671 shares. The stock last traded at $21.7930 and had previously closed at $21.69.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Up 0.4%

The stock’s 50 day moving average price is $22.23 and its two-hundred day moving average price is $22.48. The firm has a market capitalization of $625.09 million, a price-to-earnings ratio of 24.18 and a beta of 0.74.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, October 13th were given a $0.1278 dividend. This represents a $1.53 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Tuesday, October 13th. This is a negative change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1291.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC lifted its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 10.6% in the 2nd quarter. RFG Advisory LLC now owns 47,859 shares of the company’s stock valued at $1,093,000 after acquiring an additional 4,594 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter valued at about $202,000. Ameritas Advisory Services LLC acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter valued at $47,000. Asset Allocation Strategies LLC increased its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.1% in the second quarter. Asset Allocation Strategies LLC now owns 16,960 shares of the company’s stock worth $387,000 after purchasing an additional 662 shares during the period. Finally, OxenFree Capital LLC increased its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 7.5% in the 2nd quarter. OxenFree Capital LLC now owns 53,708 shares of the company’s stock valued at $1,227,000 after buying an additional 3,744 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.